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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.
DethBeard-
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)
Ex LA stuff is typically pretty good for this. The agreements are usually not stupid; like most sensible agreements there is little chance of built in service charge escalation. But they can rise if the expense of running the block increases.
Same goes for ground rent, in that some bullshit 50% increase very five years gouging is highly unlikely; LAs are typically not trying to profiteer from their leaseholders.
They do screw them over in other interesting ways, however.
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Monthly cost isnt really our problem more just setting expectations
Howard
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