16:25 PM, 21st April 2021, About 3 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?
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