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Leaseholder Building Insurance Policy

United Kingdom · Find a Tender (UK)

Buyer
Reading Borough Council
Country
United Kingdom
Value
567.0k GBP
Published
2026-10-12
Deadline
2026-11-25
Type
UK4 Tender notice
Status
Open to bid
Category
CPV 66515200
View original notice

Description

Reading Borough Council (RBC) is seeking to procure a Third-Party Property Insurance Policy for leasehold residential properties where the Council retains the freehold interest, primarily properties sold under the Right to Buy (RTB) scheme. This will be a new standalone contract and will establish a long-term insurance arrangement to ensure that leaseholders have access to appropriate buildings insurance cover in accordance with the Council's obligations as freeholder and landlord. The requirement covers: • 229 leasehold properties sold under the Right to Buy scheme. • 13 Shared Ownership houses. • 1 mortgaged property at St Elizabeth Close. • 16 detached garages leased to RTB leaseholders. The property portfolio consists predominantly of flats within blocks and maisonettes where the Council retains the freehold ownership. In many cases, the lease agreement requires the Council, as Freeholder, to arrange buildings insurance on behalf of leaseholders and recover the associated premium…

The buyer's description as published on Find a Tender (UK), shortened. The full notice is at the source.

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About this record

This notice was published via Find a Tender (UK) and indexed automatically. Figures and dates are reproduced as published at source; always confirm against the original before acting on a deadline.

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