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Estate Management Fee
Myself and my partner have really had an offer accepted for a freehold new build that was built in 2020 and we are the second owners of the house. We have been informed that there will be a £270 estate management fee for the maintenance of the estate which we are fine with but we were wondering how do we know that this fee cannot just increase by large amounts each year and we have no choice but to pay it? we also worried that we would be demanded to pay random amounts when if there was major damage to the estate that was not covered by the each households £270. Does anyone have knowledge into how likely increases are on this and whether it is possible for large amounts to be demanded?
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