Am I being unreasonable?

lukemed1

Hi everyone,

received the bill from my management company yesterday for service charges, management charges the maintenance reserve fund and a years building insurance which totaled £518!

I have since drafted a letter expressing my displeasure at this amount but my question is this; do you think this is a reasonable amount?

in my letter i have requested a run down of charges incurred by the management company to see exactly where my money is being spent

any help would be gratefully received

best wishes

Luke

micheleen

I'd have thought the management company should supply a set of accounts to the leaseholders every year. I know mine did when I lived in a leasehold flat.

Whether the actual cost is fair or not really depends on what is covered. ie communal cleaning, gardening, routine maintenance, etc.

Doozergirl

£500 sounds a very usual amount for service charge. Probably half of that amount is buildings insurance.

lukemed1

micheleen wrote:

I'd have thought the management company should supply a set of accounts to the leaseholders every year. I know mine did when I lived in a leasehold flat.

Whether the actual cost is fair or not really depends on what is covered. ie communal cleaning, gardening, routine maintenance, etc.

Hi there,

yes they have provided me with a set of accounts but not what the money was actually spent on

Best Wishes

Luke

flossy_splodge

I agree that it depends totally on what is covered . Well worth asking for details of what the money is spent on as I feel many management companies do not feel they have to account for their activities so a pertinent question could be a salutary warning. Good luck.:o

lukemed1

flossy_splodge wrote:

I agree that it depends totally on what is covered . Well worth asking for details of what the money is spent on as I feel many management companies do not feel they have to account for their activities so a pertinent question could be a salutary warning. Good luck.:o

Exactly! the amount we have to pay just seems to be going up year after year!

thanks for your post so far!

Best Wishes

Luke:beer:

flossy_splodge

be really interesting to know what their answer is if you are willing to post when you get an answer?;)

*Sparkle*_3

thats good!! mine is over a £100 a month! we have regular meetings about these costs as we feel its too much.
In our case its the management charges that are extorinate!

we get a break down every year, pages and pages of info, so i'm sure you should get at least a break down.

lukemed1

£100 a month! WOW! feel sorry for you as i know how annoying these service charges and management charges are!

Best Wishes

Luke:beer: