We would like to remind all residents that the current management charge is £65 p.a. but is reduced to £55 p.a.for resident paying by standing order, this reflects the lower costs of handling standing order payments.
The maintenance charge is payable annually on the first day of July. It is mandatory for all residents and is a condition in the deeds of your property.
A small number of residents forget to pay the charge despite reminders. The cost of pursuing these late payments is very high in relation to the charge and can result in court action. To recover the extra costs from those residents, a third level of maintenance charge applies.IF MAINTENANCE CHARGES ARE NOT PAID BY DECEMBER 31 THE CHARGE WILL BE INCREASED TO £135.
If you do not yet pay by standing order we would advise you to consider this cost-effective method of payment.