You may have noticed an electrician on site over the last few days – he has been completing emergency light repairs.
The role of a Director is to make sure the building is managed properly and in line with the leases. Horizon will do the day-to-day work, but the Directors remain legally responsible for decisions.
The key purpose of a Reinstatement Cost Assessment (RCA), otherwise known as a Building Insurance Valuation, is to ensure that a property is adequately covered by the Buildings Insurance.
A leasehold flat is usually a property in an apartment block, converted house, or above commercial units. When you buy a leasehold property, effectively you are buying the lease.
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