The legal team at specialist property solicitors JB Leitch provide an update on some recent and relevant case successes and their significance.
Browsing: Service Charges
When it comes to maintaining a block of flats, few topics create as much debate as major works and reserve funds.
Whether it’s a burst pipe, a faulty lift, or a leaking roof, reactive maintenance tackles immediate problems as they arise.
A well planned sinking fund ensures that you can handle major repairs or replacements without relying on sudden, unexpected contributions from leaseholders.
Understanding these responsibilities is about more than just “good practice” – it is essential for the smooth running of your building.
Among the most common of these are disputes over service charges, particularly when it comes to communal areas.
The parties are entitled to clear explanations and thorough rationale as to why and how sums have been calculated.
Handling service charges clearly and fairly is essential to maintaining residents trust and ensuring the smooth management of the block.
Managing a block of flats as a Residents’ Management Company, Right to Manage Company, or Residents’ Association is not without challenges.
The reality is that service charges are increasing due to factors largely outside the control of managing agents.