16:25 PM, 21st April 2021, About 6 months ago 16
I own two flats in a small block of four flats. There is a Managing Agent for the Freeholder. They don’t do anything, there is no cleaning of the communal areas, no window cleaning, no gardens to maintain etc.
However, last year they suddenly started to charge ‘Service Charges’ of over £500 per flat. We questioned it, and they said that ‘if there are no maintenance costs over the year, we will give it back.’
The Buildings Insurance Premium is also very high – £2,200 for the building. I manage 3 other Freeholds of a similar size and, shopping around, the insurance cover is less than half that.
Anyway, I paid for it reluctantly last year. I have just got this year’s accounts, and they are asking for similar amounts. I asked to see the Expenditure Account to show what they had spent the money on, but they said their accountant had not yet prepared it. I do not want to pay again and add to the communal pot year-on-year when I can’t see how it will be spent, or how it was used last year.
Also, can I contest the cost of the insurance?
Can I delay payment until I have sight of the accounts?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleMajority of leaseholders consider service charges unfair
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|