Lake maintenance charges

Woodee

Hello, hoping someone can help.  I've received papers for exchange on house which is 3 years old, the paperwork includes a Deed of Covenant to sign from a management company for maintenance of a nearby lake £££££   Knew nothing about this until now, I only knew beforehand there would be a twice yearly payment to the council for upkeep of grounds around the estate. From what I gather, after messaging a few of the residents there, people signed up with the developers when they were first built. They've said they've received bills for the lake, but not paid as no communication to the council to request a payment plan has been responded to.   Really don't know whether to go ahead now, as there will be council tax (of course!), plus maintenance for grounds and now management payment for the lake, so not very happy about this!  Have messaged solicitor but not yet had a reponse.   Would really appreciate any replies TY.        

propertyrental

So the lake is owned/managed by the council? The bills were from the council? How much?

What is the wording on the deed of covenant?

Woodee

Hi, looks like the lake is owned by the council but been passed on to a Residents Management Company Ltd.  Wording on Covenant:  I (me) (the assignee) and **** (the developers/firm who built the houses) that I and my successors in title of ........(the address,premises), will at all timesfrom (date....) pay the Transferee's Maintenance costs and other monies covenated to be paid in accordance with the provisions of a Transfer of part dated 11/12/2020 made between 1. The developers J Bloggs & co (!) and 2.The seller's name (the original transferees) (the original Transfer) of the premises which premises were transferred to me by a transfer bearing even date and executed contemporaneously herewith and that I will observe and perform all the covenants, obligations, restrictions and stipulations contained in the original transfer and on the part of the Transferee to be observed and performed (whether running with the Premises or of a purely personal or collateral nature) to the same extent as if i were the Original Transferee named in the Original Transfer.

I agree that all notices served under the Original Transfer in anticipation of proceedings against me by the Company may be served upon me by post addressed to me at the Premises or by delivery at the Premises.

Signed as a deed by (me) .......

Needs to establish the cost it's really not clear.  Fed up : (    !!


   

propertyrental

in accordance with the provisions of a Transfer of part dated 11/12/2020 made between 1. The developers J Bloggs & co (!) and 2.The seller's name

and the transfer of part says.....?

loubel

Is this information not in the solicitor's report?

user1977

Pretty normal for modern estates to have privately-maintained common parts and fees to be paid, so if you object to the whole thing on principle then you may be limiting your options for alternative properties.

km1500

pretty standard fleecehold terms.

hope you have deep pockets .....

Marvel1

Probably why the seller is selling up.

Woodee

loubel said:

Is this information not in the solicitor's report?

No : (  only the charges relating to grounds maintenance not the lake ! 

Woodee

user1977 said:

Pretty normal for modern estates to have privately-maintained common parts and fees to be paid, so if you object to the whole thing on principle then you may be limiting your options for alternative properties.

Yes understand it's pretty normal for modern estates to charge for greenery, but not to maintain a lake that all people in the area have the pleasure of visiting for free, but only those on the estate pay the council to maintain the lake!! Not sure what you mean about if I object to whole thing on principle, why would I be limiting options for alternative properties ?   Thanks anyway 

BarelySentientAI

Woodee said:

user1977 said:

Pretty normal for modern estates to have privately-maintained common parts and fees to be paid, so if you object to the whole thing on principle then you may be limiting your options for alternative properties.

Yes understand it's pretty normal for modern estates to charge for greenery, but not to maintain a lake that all people in the area have the pleasure of visiting for free, but only those on the estate pay the council to maintain the lake!! Not sure what you mean about if I object to whole thing on principle, why would I be limiting options for alternative properties ?   Thanks anyway 

No, it is pretty normal overall 

Maybe not a lake, but certainly a green space, playing field or play area that the public are not restricted from accessing.

If you don't like that idea, stay away from modern estates.