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  • Leasehold Property

    Leasehold Flats Service Charge

    I own leasehold flats where we also own the freehold.

    We have appointed a managing agent for the day to day running of the block.

    Our service charges are £1,200 plus per annum and out of that we pay for block insurance, gardening, cleaning of communal areas, decoration of communal internal area and external woodwork and balconies, occasional maintenance of sky dish, general maintenance plus some goes to reserve for unexpected expense.

    Leaseholders and their tenants where let do not have to carry out any maintenance outside their individual flats.

    Every leaseholder has a legal right to examine the accounts and all invoices for expenses

    Some are put off flats because of service charges but they can be a low maintenance option and generally are less expensive to purchase than an equivalent size house.

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    I would always rather be master of my own destiny when it comes to how and when to perform maintenance, insurance options, gardening etc I avoid flats at all costs as a result

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    I have both and when I see some of the houses’ gardens I appreciate the benefits of the gardening being taken care of in the flats.  


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