Service charges are an amount you pay to cover the costs of maintaining communal areas for your building and/or block.
The charges include communal lighting, repairs, cleaning and gardening, as well as buildings insurance and management fees. Your lease explains what we do and don’t charge for in more detail.
At the beginning of each financial year, we estimate the cost of communal services based on the actual costs from the previous year. We charge you your share of that estimate and divide it into equal monthly payments. That way you don’t have to pay the whole amount in one lump sum.
The actual cost of these services can be more or less than the estimated amount and we calculate this at the end of the financial year. We’ll send you an actual service charge statement within six months with any change added or taken away from the next year’s charges.