Estate management fees

LongoBongo

user1977 said:

LongoBongo said:

Thanks for the replies. I’m no expert but I've looked through the contract document and the only thing I can find is:

"TO HOLD the same for the Term paying the Rent and the Maintenance Charge the first payment of which (or proportionate part thereof) to be made on the date hereof"

That doesn't sound like the contract you're quoting from. We mean the sale/purchase contract between you and Wimpey, not the title deeds.

Hi user1977, someone has found the document and it's the section below which is piquing interest. Is this a fully legit way of setting up the operation as it seems to totally remove any power for the residents to hold RMG to account? Some folk want to go to some sort of ombudsman but is there any point based on the wording below.

“There will be no Residents Management Company set up by the Developer for the Development. Residential Management Group (RMG) will undertake management obligations in the lease (referred to throughout as “the Management Company”).

The Buyer will not become a manager of the Management Company, nor will any shares be issued to the Buyer in the Management Company on completion.

The Management Company will enter into a Management Agreement with the Developer in respect of the services provided and upon completion of the final property on the Development any areas in management (referred to throughout as “the Managed Areas” will either be transferred or leased to the Management Company.”

Any advice on the issue would be greatly appreciated.

Maffy52

LongoBongo said:

Hi, not sure if this is the right area of the forum. We live on a Taylor Wimpey estate with RMG as the managing agents for the grass and parks etc… We pay about £300 a year, there’s about 150 houses. 

I am currently buying a house which also has management fees. I was just wondered how these are actually paid, can you do it by direct debit or do they send a bill that you have to 'pay' every year?

eddddy

Maffy52 said:

I am currently buying a house which also has management fees. I was just wondered how these are actually paid, can you do it by direct debit or do they send a bill that you have to 'pay' every year?

Generally, you will be sent a bill - it might be once a year, twice a year or whatever.

If you're buying a Freehold house, you'll probably have to sign a deed agreeing to pay to pay the charges before completion (in fact, your solicitor will probably tell you to sign it before exchange of contracts). The deed might say how often bills will be issued, and terms of payment etc.