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Would a service charge typically be fixed and escalate annually for a flat in a larger old house?
Service charges are meant to be an allocation of actual costs plus a management fee rather than a fixed amount. Actually getting the information to verify this though is very difficult.
Who is the freeholder in that situation?
NickCJ-
Cheers - yeah and I imagine more detail is in the paperwork when you get to that stage. I'd hate to have the liability of a share of a blank cheque for something.
No idea about who owns the freehold at the couple I've just pulled up - maybe whoever owns the most valuable part of the building and split it up initially?The vendor in this listing owns a share of the freehold https://www.rightmove.co.uk/property-for-sale/property-94897322.html
And then this one doesn't say anything about the lease at all
https://www.rightmove.co.uk/property-for-sale/property-83293792.html
bobble
Why don't flat listings always have lease info and service charge fees in the rightmove advert? Surely it's a massive factor that can help buyers disregard certain properties without having to email the estate agent. From what I've researched into flats, balance of 999 years seems pretty common in the South West but hardly any info on service charge. Would a service charge typically be fixed and escalate annually for a flat in a larger old house?