Management Fee
We charge a management fee to cover all
administration costs of working out charges, managing accounts,
dealing with enquiries, supervising services and so on.
The management fee is charged in two parts, a
fixed fee and a percentage. The fixed fee covers the
leasehold-related costs of the Right To Buy & Leasehold
Services team such as calculating service charges, producing annual
Estimates and Schedules of Service Charges, issuing invoices,
dealing with queries, issuing Ground Rent Notices, payment
reminders, producing newsletters, office overheads and so on.
The percentage fee is added to the cost of
services such as caretaking, repairs and grounds maintenance to
cover the cost of managing those services.
We include a separate administration charge in
the cost of any major work we carry out. This charge includes
the costs of paying consultants and surveyors, the costs of
consultation meetings, newsletters, office overheads and so on.
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