Ask The Experts - Property Maintenance Costs

Answer

The fairest way is to assume a landlord and tenant situation with a lease in line with the terms used by the District valuer when calculating notional rent for reimbursement. So the two owner partners are the landlord, and the non-property owning partners the tenants.

The landlord is responsible for: the roof, external windows and doors; external drainage; building insurance; car park repairs and other hard landscaping; and external decorating.

The tenants are responsible for: internal drainage and toilets; heating and plumbing; telephone system; soft landscaping such as gardening; internal decorating and carpets; and repairs to electrical wiring.