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What happens to the costs of ownership? e.g. service charge, boiler repairs etc?


Probably distributed evenly over the 'shareholders'.

Their screenshot doesn't show "Your share of the leaky roof repair bill: £1400"!

Also, Proptee is in a very powerful position being able to choose which contractor fixes that leaky roof. Plenty of other management companies only hire their mates who give big kickbacks and charge skyhigh rates for basic maintenance.


> incredibly valuable asset

Is it though?


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