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Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Arrangements for Collection of Service Charge - Own Share in Freehold
Change Date : 16/04/2024 | Word Count: 165 | Deployment Measure : 8/10
Rationale:
This draft wording addresses the question of service charges in the particular situation where the seller jointly owns the freehold with the other flat in the building. The wording will need adjusting based on the peculiarities of the case.
Given that the Freehold is owned jointly by the Leaseholders i.e. the owners of both flats {(specify )}, the service charge is not collected periodically and maintenance is carried out
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