Reply to post: Re: Leasehold, fleecehold

UK launches consultation on forcing landlords to allow gigabit broadband upgrades

Nifty Silver badge

Re: Leasehold, fleecehold

You do.

The property owners each own a share of the freehold

Only in the *rare* case where the flat owners own the freehold. Freehold is normally owned by a company that specialises in returning shareholder value by extorting fees for any changes to the building, change of tenant and maybe there's something to be creamed off the buildings insurance.

Service charges go to a separate management company and these are for maintenance only, not upgrades. New roof = maintenance. Upgrade fire safety = a bill to be split among the leaseholders.

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