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Management Company sent Adjustment bill for period before I moved into the property
npmaster
Posts: 30 Forumite
My management company has sent an adjustment bill for the period ending July 2018. I moved into the property in September 2018. The adjustment is because the cleaning costs was £228 under estimated apparently.
My question is, Am liable for costs occurred before I purchased the property?
Thanks
My question is, Am liable for costs occurred before I purchased the property?
Thanks
0
Comments
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Yes you are0
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Yep - had a few similar posts. One of those things that can happen unfortunately0
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Most leases allowfor service charges to be estimated at the start of the year,paid in advance (either annually, quarterly, monthly), and then adjusted at the end of the year with a refund or further charge as appropriate.
The solution when buying is to have the seller's solicitor to hold onto an agreed amount of the purchase price till the end of the year instead of passing it all to the seller on Completion.
If a bill arrives, that money is then released back to the buyer topay the bill. If no further bill arrives, it is released to the seller.0 -
Did your solicitor not take a retention from the sellers for this eventuality?0
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Thanks for the replies.
My solicitor did not take a retention as far as I know.
Seem unfortunate that I am liable. But if that is the case then so be it.0 -
Definitely double-check with your solicitor (and grumble at them if they didn't...)0
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This exact thing happened to me. Until I asked, I didn't even know that it was normal for (any half competent) solicitor to keep a retention against this likely occurrence when they see the SC is based on an estimate (As many are).. Result!
Let's hope you selected a half competent solicitor?0 -
Thanks. I just sent an email to my solicitor. hopefully they have done this then0
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