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Buying a flat - do we need to refund portion of service charge?

Sunshine2000
Sunshine2000 Posts: 3 Newbie
in House buying, renting & selling
We are buying a flat (completing in 2 weeks) and the current owner has paid this year's service charge of £1500 up front to end of December 2013. Do we need to take this into account when making final calculations of who owes who what? If I were the owner I might be thinking I was due a repayment of the remaining 5 months of the charge.

Comments

  • tim123456789
    tim123456789 Posts: 1,787 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    yes

    you solicitor should sort all this for you

    tim
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    tim123456789 wrote: »
    yes

    you solicitor should sort all this for you

    tim
    Assuming OP is using a solicitor..
  • propertyman
    propertyman Posts: 2,922 Forumite
    In addition to the purchase price you will repay them your share of that prepaid ( estimated in advance) charge for July to Dec..

    Bear in mind that for the year ending Dec 2012 and for the current year the actual cost ( as these charges are estimates) may not yet be known and therefore the Solicitor will make sure that any refund or top up is apportioned between you by an agreement or retention.
    Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
    Actively hunting down the person who invented the imaginary tenure, "share freehold";     if you can show me one I will produce my daughter's unicorn
  • tim123456789
    tim123456789 Posts: 1,787 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    G_M wrote: »
    Assuming OP is using a solicitor..


    I was leaving him to work that bit out for himself :rotfl:
This discussion has been closed.
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