The roof of the building will form part of the freehold which you hold a share in. I would imagine that the problem will have an impact of the service charge payable by all the lessees and therefore yes this should be disclosed. This is because it could have a detrimental effect on the buyers decision to proceed and if it is discovered following exchange of contract or completion that you had known about the problems with the building’s roof and not disclosed them then the buyers could argue you had misrepresented them. This would mean that they could take action against you for this.
Taylor & Emmet LLP
Compare conveyancing fees from up to 4 solicitors
12,246 user reviews
Excellent service all round
Harley girl on 18/03/2021
Get quotes for:
We use Cookies for this website. We’ll assume you’re OK to continue. Edit Settings.
Cookies for this website are disabled. Press OK to active them.
We have placed cookies on your device to help make this website better.
You can use this tool to change your cookie settings. Otherwise, we’ll assume you’re OK to continue.
Some of the cookies we use are essential for the site to work.
We also use some non-essential cookies to collect information for making reports and to help us improve the site.
To control third party cookies, you can also adjust your browser settings.
Cookies for this website are disabled. Press the below button to active them.