Q: Our head lease (999 year) was recently sold to a freeholder who is well known in the industry to rip clients off. We are in the process of enfranchisement in order to gain control.
In the interim they have renewed the insurance through their brokers at the same levels that we were previously insured however the cost has more than doubled. We have requested a copy of the invoice but they have failed to provide this saying it is part of a blanket cover for all the buildings they have. My question is surely they have to produce an invoice for this building as it seems unreasonable and unfair for us to have this huge increase forced on us with no backing invoice just a copy of the policy omitting the premium cost.
FPRA Hon Consultant Belinda Thorpe replies:
As the freeholder has arranged the insurance, then your member does have the right to request and be provided with the details of what their premium is. If the freeholder does not provide the information requested, then your member can take the freeholder to the First Tier Tribunal. However, they would be expected to pay the fee for this hearing.
[Submitted January 2017]