Very good point. A service charge of £500 a year is very low so there is clearly not going to be a reserve fund for such things.
My service charge is £1200 a year and there’s still no reserve fund..
Ha yeah. Mine was £2400 and while there was a reserve fund, they didn't want to spend it on anything residents wanted. We've just taken the RTM and it's down to a more normal £1400 a year.
@cornelius_blackfoot started
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Very good point. A service charge of £500 a year is very low so there is clearly not going to be a reserve fund for such things.