I just did a viewing of an upper flat in a period conversion. two flats with equal share. both have been tenanted out for years and as a result the house is far from its best. zero service charge and clearly the two owners being investors have been ignoring all the repair needed.
Am not in love with it but after looking for more than a year am getting tired. it is in the location that i want and within my budget. i do see potential in the flat. but am worried about the other owner being non-cooperative when it comes to repair and maintenance.
(1) is there any way to get the other freeholder split the cost? essential: leak and roof. non-essential: the shared garden is an eyesore. am hoping they would at least be onboard with the essential. but since they own the ground floor unit, dont think they will be interested in fixing the roof.
(2) will i get into trouble for carrying out and paying for the repair myself? if i can negotiate the price down, will consider paying it out of my own pocket if they are non responsive or reluctant to chip in. but would i open the door for future problems or even worse they can sue me?
Or would you say dont bother?