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it is extremely cheap because the developer (+ mgmt scheme) still owns 2x flats and has to chip in too! I fully expect it to rise when we take control
also, given the builder's warranty we dont have to contribute a vast sum to a sink fund etc. it is mainly insurance, communal electricity, gardener etc.
£220 a quarter is mad cheap - is that locked in or can it be increased if another management co were to come in?