Service Charges

Why is There a Health and Safety Section in My Service Charge Budget Featured Image

Why is there a Health and Safety section in my Service Charge budget?

Click on the video below to listen to Property Manager, Jamie explain why there is a Health and Safety section in the Service Charge budget.     “The Health and Safety section in your Service Charge budget will mainly cover the costs for both the Health & Safety and Fire Risk Assessment to be carried out.  It is vital that a risk assessment is carried out in your block to highlight any potential hazards and to rectify them accordingly, so the block is fully compliant with all health and safety regulations.”  

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What should be included in my Service Charge demand Featured Image

What should be included in my Service Charge demand?

Click on the video below to listen to Property Manager, Lewis discuss what should be included in a Service Charge demand.     “Your Service Charge demand should include the following:- * The summary of tenants rights and obligations under Section 21b of the Landlord and Tenant Act 1985. * It should also include the landlords name and address under Section 47 and 48 of the Landlord and Tenant Act 1987 respectively. * The address must be in England or Wales. * The property address and name of the leaseholder should also be included on the demand. If a Service…

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Do leaseholders have the right to request service charge accounts Featured Image

Do leaseholders have the right to request service charge accounts?

This is an interesting video with Property Manager, Jamie discussing whether leaseholders have the right to request service charge accounts.     “Under Section 21 of the Landlord and Tenant Act 1985, leaseholders have the right to request a copy of the summary of their service charge costs incurred from their Managing Agent or Landlord. Unless there are good reasons as to why they cannot comply, the Managing Agent or Landlord has six months from the Service Charge year end to fulfill this request.”    

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How do you deal with Service Charge arrears Featured Image

How do you deal with Service Charge arrears?

Click below to listen to Property Manager, Lewis Hood talk about Service Charge arrears.     “The lease will detail how and when the service charge is due including the time and how frequently this needs to be paid. At BW Residential, we deal with Service Charge arrears promptly and in a professional manner. This means that we can make sure that there is sufficient monies available for any upcoming large expenditure, such as upgrading the entry-phone system or painting the communal areas.”

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Why do I need to pay Service Charge and what does it cover Featured Image

Why do I need to pay Service Charge and what does it cover?

Listen to Property Manager, Lewis Hood explain why you need to pay Service Charge and what it covers.  

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Service Charges and other expenses Featured Image

Service Charges and other expenses

Today, we’re going to talk about Service Charges and other expenses that are likely to apply to any leasehold property you buy or rent. Service Charges If you pay a Service Charge, your lease will be set out explaining how this is organised and what can be charged.   You have the right to ask for a summary outlining how the charge has been calculated and what it will be spent on together with any receipts or paperwork.   You are entitled to this information from your Landlord. Ground Rent You do not have to pay Ground Rent unless your…

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