Most of our flats are sold on this type of lease. It applies to blocks containing more than two flats. You must pay a regular service charge for repairs and services we provide to the flat, the block or the estate. You will also pay a management fee.

At the start of each financial year (1 April), we will send you an estimate of how much we think it will cost to provide services to your block and estate for the coming financial year. We will base your service charge bills on that estimate and, four times a year (just before 1 April, 1 July, 1 October and 1 January), we will send you a bill for one quarter of the estimated charges for the full year.

At the end of each financial year, we work out how much it has actually cost us to provide services to your block and estate and compare it with what we have charged you. Then, in September, we will send you a ‘schedule of service charges’. This is a statement showing the actual costs for each service, listed separately, together with your share of the total cost. If we have charged you too much over the year, we will reduce your charges in October. If we have not charged you enough, we will ask you to pay more.