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Want to take over the management of your building?

Our E-Learning platform has modules for leaseholders looking to manage their own building using a RTM company.

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Variable administration charge

An administration charge is variable when the amount of the charge is not fixed in the lease. For example a lease term asking the leaseholder to pay interest on arrears of service charges at 4% above a high street bank’s base rate  is variable. This is because the base rate may change and also the level of arrears may change.

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LEASE is governed by a board, appointed as individuals by the Secretary of State for the Department for Levelling Up, Housing & Communities.