Management Company which service a estate in warwickshire wants £620

Toshi_2 · 21 December 2020 at 8:02PM

Am just in the process of buying a property, There are number of strict requirements by the Management company which services the estate , they want £620, so the house can be transfer to us!! Surely the seller should be paying this fee !!

thanks in advance for advice.

AdrianC · 21 December 2020 at 8:32PM

It's entirely up to you and the vendor to agree between yourselves as to who pays their fees.

Remember that they're charging for their dealings with your solicitor, though.

Slithery · 21 December 2020 at 8:41PM

How much had you budgeted for the purchase of the management pack? This is an expected charge when buying a leasehold property.

Tiglet2 · 21 December 2020 at 11:15PM

Slithery said:

How much had you budgeted for the purchase of the management pack? This is an expected charge when buying a leasehold property.

No, the seller pays for this.

NameUnavailable · 21 December 2020 at 11:27PM

Slithery said:

How much had you budgeted for the purchase of the management pack? This is an expected charge when buying a leasehold property.

Who said it's a leasehold?

cattie · 22 December 2020 at 11:12AM

When I sold my last house to downsize into a flat, the cost of the management pack was down to me as buyer as listed on my solicitor's statement. Cost nowhere near £620 though, I believe it was around £250.

OldMusicGuy · 22 December 2020 at 12:02PM

You need to check with your solicitor. This could be management fees paid in advance by your vendor. You will have to pay your share of these from when you take over the house. The solicitors work this out as part of the completion process. The management pack costs are paid by the vendor, there's no way the management company could pass these on to someone who doesn't own a property. If your vendor is trying to pass these costs on to you, you shouldn't pay for this.