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Buying a studio flat?
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Why would you think they are fixed? Can you predict when the lifts will break down? Or if insurance tax was increases 5%? Or when binmen are on strike and a private contractor has to be hired?snowqueen555 said:
Yeah they are fixed, when are they ever not for leaseholds? I've never known them to be variable?GDB2222 said:"For new build properties there’s no track record for service charges. Are you sure that the figure you have been given is reasonably accurate?
New leasehold so this is in the contract."I am a bit confused by this. Are you saying service charges are fixed?
There is typically a fixed way of working out your share, ours is a straight forward each of the 32 units pays 1/32nd of the cost but the costs vary every year. Slush funds try and smooth some elements out but this year a section of flat roof has failed so thats an extra £25k to be charged across the leaseholders.2
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