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We each pay a fixed percentage of actual incurred itemised expenses in a similar building, and were even before we took over management. A lot less than that though in a normal period, although sometimes there are big expenses.
Managing is a constant headache for little reward, especially if any of the leaseholders are difficult. I’d only push that button for a very a good reason.
grams
I realise it's hard to compare like for like but what are people paying for Service Charges? I live in a 3 storey victorian conversion with x4 flats and it's approximately £1400 a year.
I've requested a break down from the managing agent but as far as I'm aware this doesn't include a sinking fund.
I think the other leaseholders and I would be eligible to apply for the RTM but it doesn't seem worth the trouble unless there's a significant saving to be made.