Flat owners saved from paying for windows
LEASE was approached by a group of leaseholders in a converted industrial building in Wales, which consisted of 15 flats...
Usually, the lease simply provides for the landlord to recover expenditure on maintenance, repair and upkeep of the building, including management costs. The landlord is reimbursed for his expenditure, but is not given the opportunity to make a profit from the management. Where the landlord wishes financial reward for his expertise or agency, he must make sure the lease makes provision for this.
More information you might find useful:
- Service Charges and other issues
- Resolutions for service charge disputes
- More Frequently Asked Questions on Service Charges
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