Hello, I'm just wondering if anyone has any experience of this and can help me please as all stuff on the internet I have found about this seem to be written by people touting to do these reports so I don't know how accurate they are.
I live in a house split into 6 flats.
We all own a share of the freehold in a limited company run by the residents.
One of the flats is selling up to move on. His estate agent today told him we need to supply an asbestos report which is a legal requirement and we should have had one for years prior to this. They can get it done at the special rate of £400 +Vat.
We have never heard of this, and a flat sold last year with no mention of this, and again a flat sold two years prior to that.
Is it necessary or is this just a money making idea from the estate agent?
We pay £40 a month in each for upkeep, we use the cash solely for maintenance. No one earns any income or profit from the company. I think this means we aren't a commercial landlord? Does this mean it doesn't apply???