I'm about to purchase an apartment and have just found out that the original Management Company was struck off. The current residents formed their own management company and seem to be looking after everything ok. However my solicitor pointed out to me that the current 'residents' management company doesn't actually own the common grounds and this may be an issue in the future if I go ahead with the purchase and try to sell at a later date.
Has anyone come across anything like this before and is there any reason not to purchase since I wouldn't own any of the common grounds regardless??
Any help would really be appreciated. Thanks
Has anyone come across anything like this before and is there any reason not to purchase since I wouldn't own any of the common grounds regardless??
Any help would really be appreciated. Thanks