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[Hazza]

I'm looking to buy an appartment. A thought crossed my mind the other day, a legal thought. Should lets say I find an appartment on the second floor but the ground floor or first floor appartments catch fire, the whole building becomes unsafe so has to be knocked down. Assuming everyone is insured with different insurance companies and everyone gets paid. Who legally owns the land? who can rebuild on that land?

[unique_earthling]

so who you gonna burn down?? Just joking...

[Hazza]

One of the neighbours keeps playing James Blunt. They deserve to burn







disclaimer, though I do hate (strong word) James Blunt, I wouldn't dream of burning.......actually I probably would, ignore this disclaimer lol

Disclaimer number 2. Hope you all realise that I'm joking and don't report me for arson!

[andri_cy]

LOL hazza...nice disclaimer...

[souroul]

interesting question

[GG]

Every apartment owner has a share of freehold.

Assuming the whole block has 10 flats of equal size then each owner owns 10% of the land. The insurance is paid on one policy and is paid for either joinly or with the service charges which is jointly anyway.

Any individual insurance is additional to the already existing buildings insurance is is usually pointless unless its contents insurance.

Any questions?