As well as ground rent and buildings insurance, you must also pay a service charge for electricity that is used in any shared areas (if this applies to your flat) and repairs to shared areas such as the roof, entrance door and so on. You must also pay a management fee for us to supervise the services and repairs. The costs are normally divided equally between the two flats involved unless they are very different in size.

We do not normally carry out routine services to flats sold on this type of lease, except possibly to any shared lighting. Because of this, we do not estimate service charges. We only charge you when we know the actual costs. At the end of each financial year, we check to see whether any repairs or improvements were carried out to your property. We also find out how much electricity has been used in shared areas and will send you a detailed bill with your insurance bill in September.