There can be few words in a lease that cause more confusion and angst to lessees and RMC’s than the term “audit”.
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The following guide was put together to provide an introduction to the monetary terms involved when owning a leasehold property.
In this article, we take a brief look at the different types of information and notices which a flat owner with a residential long lease can expect to receive about their service charges.
Leaseholders living in residential blocks are under an obligation to pay an annual service charge to their landlord
Service charges are payable by the leaseholder to the landlord for the services provided, as determined by the lease.
One of the questions that directors ask is why is it necessary to prepare separate service charge accounts and statutory company accounts?
Have you ever considered what Insurers look at when they are calculating your premium or what you can do to help keep the cost down?
A frozen pipe is an emergency, because this will cause it to burst causing thawed water to come pouring from the break.
Belinda Thorpe, Managing Director at Residentsline explains you can do something about your buildings insurance premium.
Buildings Insurance covers the cost of repairing or rebuilding your apartment and communal areas if they are damaged.