Document City 2 and a Nasty surprise!

Got another email from the solicitors Breytenbach’s with a shed load of Park Central documents to read and sign including

1. The Agreement.
2. Authority for Breytenbach & Co to sign the contract on your behalf
3. The Contract and Lease Summary
4. Draft Lease
5. Plan
6. Draft Management Scheme7. Mortgage Indemnity Letter

I read them as best I could but a lot of it was pretty meaningless to me, the odd vitally important clause camouflaged beneath paragraphs of indecipherable legalise!

It also contained Breytenbach’s comments on the contract which was very useful as it brought out the bits that needed thinking about. The nasty surprise was that to take on new tenants requires me to notify the Landlord (a company set up by Crest Nicholson to manage the property) and pay them £70.50 for each new tenancy which seems to be a bit unfair and wasn’t included in any of Serliana’s forecast of fees.

Also needed to pay them 5% exchange deposit of £7,697.50 and part pay Breytenbachs fees of £475 so all in all quite an expensive month! Got a note from them confirming that exchange on Park Central had taken place just need to get a mortgage now!