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Joshua, Lawyer
Category: Law
Satisfied Customers: 26070
Experience:  LL.B (Hons), Higher Prof. Dip. Law & Practice
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Hello . Am in the course of buying a new 15 yr lease , full

Customer Question

Hello . Am in the course of buying a new 15 yr lease , full n insuring basis, of a hotel ( existing freeholder selling the lease for the first time.) Wonder who is responsible for insuring the building ? (knowing that I have to buy insurance to cover the content and also responsible for all repairs n updating/upgrading such as Roof, Wiring, Central heating,Fire regulation and all improvement s etc etc. ) With warm regards XXXXX XXXXX Choy
Submitted: 4 years ago.
Category: Law
Expert:  Joshua replied 4 years ago.

Joshua :

Hello and thank you for your question. I will be very pleased to assist you. I'm a practicing lawyer in England with over 10 years experience.

Joshua :

From what you say you are negotiating on a full repairing and insuring lease (known as a FRI lease). May I confirm with you that you have instructed as surveyor to carry out a full buildings survey in order to prepare a schedule of condition for you please?