We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Estate Management fees
Blue439
Posts: 3 Newbie
Hello, everyone.
I'd like to ask for a piece of advice about the way in which I've been charged by a company managing our estate for the services they (don't) provide. There are two things. Firstly, they don't provide 9 out of 10 services they say they provide, but I keep paying the regular sum twice a year. Second, two months ago they sent me a "Balancing Invoice" for the year 2023, without any further explanation. Has anyone had such experience? Am I expected to oblige and pay? I refused to pay, and now they keep adding a £50 late payment fee every week. Thanks in anticipation.
I'd like to ask for a piece of advice about the way in which I've been charged by a company managing our estate for the services they (don't) provide. There are two things. Firstly, they don't provide 9 out of 10 services they say they provide, but I keep paying the regular sum twice a year. Second, two months ago they sent me a "Balancing Invoice" for the year 2023, without any further explanation. Has anyone had such experience? Am I expected to oblige and pay? I refused to pay, and now they keep adding a £50 late payment fee every week. Thanks in anticipation.
0
Comments
-
Freehold or leasehold property?
Never withhold payment.
Pay, but make it clear you are paying under duress and maintain the right to reclaim the amounts paid if responses to queries raised are not received.0 -
I don’t think that you should try to protest on your own. Others must be similarly concerned, so band together.Who has the ultimate responsibility for the estate? Complain to them.No reliance should be placed on the above! Absolutely none, do you hear?0
-
A balancing invoice or similar is quite common m. We get an adjustment every year, it depends on what they have actually spent vs what they projected to spend.Credit card 2091
Overdraft 00 -
£50 a week for late payment?No reliance should be placed on the above! Absolutely none, do you hear?0
-
Thank you all for your swift responses. It's a freehold, by the way.0
-
If it’s freehold, how are they able to charge you fees? My charges are for a leasehold flat.Credit card 2091
Overdraft 00 -
itsthelittlethings said:If it’s freehold, how are they able to charge you fees? My charges are for a leasehold flat.
Because a lot of new estates aren't adopted by the council, which leaves the residents via a management company responsible for the maintenance and upkeep of the estate.
0 -
Newish estate by any chance? Unfortunately I suspect you'll have to pay as it will be in your covenants. Have you checked with your neighbours if they have the same thoughts?
On our newish built estate (actually its about 5 years old) we have a residents association who took on the management company who are also really really bad and managed to reduce the annual service charge last year. A few people on the residents association are in the process of becoming Directors of the management company so that it can be run by the residents.0 -
Thank you all. The estate (newish, indeed) consists of leasehold (flats) and freehold (houses), everyone being charged, freehold and leasehold alike.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 37.7K Read-Only Boards