Living in a flat can have many benefits, but equally many aspects of it can also pose a challenge.
For instance if your block of flats happens to be managed by a landlord no one gets along with, it can make life very difficult indeed for you and your fellow tenants.
Fortunately there is a solution that some flat owners can look to, and it is called freehold purchase. Freehold purchase basically means you will be buying the freehold to your property, along with some of the other flat owners who are eligible to do so. You have to make sure you are eligible to proceed with the process, but if you can you will be on course to say goodbye to the landlord you don't get along with.
Some flat owners are lucky enough to have a nice landlord who listens to their concerns and takes action when maintenance tasks need doing to the outside of the building. But others are not so lucky. If you happen to fall into this second group you will benefit from buying the freehold of your flat, because it puts you in charge instead of the landlord.
Some landlords are notoriously slow when it comes to maintenance. ทาวน์เฮ้าส์มือสอง กรุงเทพ They might be quick to take your ground rent and maintenance fees, but when it comes to spending them to maintain the building they take forever. This can be very frustrating for flat owners and it can bring down the value of their property as well. It's no wonder that some are in a position where considering freehold purchase would be a very good idea.
If the process of buying your freehold took place successfully you would no longer have to tolerate a landlord you did not like. Instead you could take control of maintaining your property and selecting the right people to do so for you. If your current landlord focuses on getting the cheapest labour possible and they do not do a good job, you will be able to hire someone far better when you are in charge.
There is also the emotional side of freehold purchase once it has taken place. If you constantly have run ins with your landlord you will be able to say goodbye to these straightaway. As you can see making a freehold purchase could change the way you live in your flat from the moment you take it on.
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