The parties are entitled to clear explanations and thorough rationale as to why and how sums have been calculated.
Browsing: Service Charges
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.
Leaseholders who have formed an RMC to handle the running of their listed, residential flats have a few unique rights and responsibilities.
Mixed-use buildings combine residential and commercial spaces, making their needs and challenges unique.
The Ringley Group has launched a new platform, Service Charge Sorted to offer an alternative to hefty block or estate management fees.
How Right to Manage can be used to take control of service charges and how leaseholders can legally challenge excessive charges.
Understanding the implications of service charges, maintenance contracts, and QLTAs is critical for landlords to avoid legal disputes, meet their obligations under lease agreements, and maintain positive relationships with leaseholders.
Many leaseholders are experiencing substantial increases in the service charges demanded by their landlord.