Houses With Underneath Basement Apartment ?

[Claire]

I noticed a 3-storey terraced house for sale which has a separately owned basement apartment which is rented out.

I was wondering if there might be anything specific to this situation which I should consider?

Are there generally any problems associated with having a separately owned basement apartment under a house? Such as structural or insurance, or any other problems?

Thanks for any advice!

 

[MOB]

separately owned basement

Sorry to give a vague answer, but it depends. The structuring of ownership is quite important in a situation like this. Your solicitor will review the title documents. It is important that you fully understand your rights and obligations, and that the rights and obligations of the other property owner are equally clear. Having said that, it is not rocket science - similar issues exist in almost all apartment blocks.

 

[Claire]

Thanks MOB!