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Is a portion of that held back and used to fund major works contributions?
Does the property have a lift?
If you answered yes to either of those questions, then it's reasonable.
When looking at ex LA property some really great questions to ask:
- when was the last section 20 served
- what was done
- how was it paid for
- when was the last section 20 served
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As also said, see if a sinking fund is included.
Also find out if the fee is set to increase or has contractual rises (some may have an annual % rise, or a set increase every 5 years for example)
These things tend to only increase so if £200 is as much as you can afford ontop of rent/ mortgage be warned it will probably creep up over a few years.
Howard
DethBeard
@rogan
I know this can vary a lot but place we viewed is 200/mo service charge for an ex LA 2 bed. Is this normal?? seems much higher than i expected