This can and does work but it is very risky.
Where something goes wrong disputes arise, “everybody lies” or circumstances change, charges not calculated in accordance with the lease timings and share, and without the statutory information, are open to challenge.
This is very relevant to qualifying major works or a group of qualifying works likely to exceed £250 for any one flat.
I have seen a penniless estate and clued up representatives try and escape liability, and in one case an owner who made all the right noises, smiled and congratulated the Board for their hard work and attended every meeting, but when pressed, had never agreed to anything, and subsequently got brand new plastic windows for about 20% of the cost.
By the time they seek help from me, its not too late in most cases, but it’s a long and expensive solution.
Where an individual agrees to meet a shared expense themselves, it critical that in addition to the above , they have clear written agreement with the other freeholders or the company, even if that is just you, next door, and the cat lady in the attic.
The requirement to consult( if you want your money back or you can risk proceedings ala Daejan) is under section 20 of the Landlrod And Tenant Act 1985.
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