Leasehold Service Charge
This section describes the types of costs that
could be included in your service charges and how the charge for
your flat is calculated.
How we work out your
charges
How much of the service charges you pay
depends on the gross value of your flat. Gross values are
historic values based on the property’s market value, floor area,
age and condition. The gross value of a block or an estate,
is the total of the gross values of all the flats in the block, or
on the estate. For example, if a block has six flats in it
and each flat has a gross value of £300, the gross value for the
block will be £1800, (6 x £300). The same rule applies to the
estate.
If your service charge is different from your
neighbour’s charge, it could be because your flat is larger or
smaller, or older or newer, and so has a higher or lower gross
value. (There may also be differences caused by the age and
type of leases.)
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