Understanding Your Annual Service Charges Your annual service charges are based on a budget, which is an estimated forecast of anticipated expenditure for the year. When preparing this budget, your managing agent reviews: Previous years’ expenditure Any known increases advised by contractors or suppliers Planned repairs, maintenance, or installations Service Charge or Rentcharge? Service Charge…
DetailsService Charge Disputes, Section 20C Orders and the Hidden Risks for Resident-Owned Companies Leaseholders are often told that if they successfully challenge a service charge at the First-tier Tribunal (FTT), they can seek a section 20C order to prevent the landlord’s legal costs being recovered through the service charge. That is correct — but what…
DetailsWellbeing Survey First launched in 2021, ARMA and IRPM (Now part of The Property Institute) have been providing a ‘mental health check’ of residential property management professionals annually, by identifying the key pressure points to inform and help shape the future of mental health and wellbeing support for the sector. Now in its third year,…
DetailsService charge dispute? Benjamin Franklin said, ‘Two certainties in life are death and taxes.’ We would like to add service charge disputes to that list. There are not many scenarios that Emma, Director of EVC Property Management LTD, has not come across in 20+ years of property management. Even the leaseholders with no…
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E Bikes and E Scooter Dangers We want to share some information regarding e bikes and e scooters which are becoming increasingly popular. Most are powered by lithium-ion batteries which can be charged in the home. You must NEVER charge a battery in the communal hallways of a block of flats. If there is a…
DetailsWHY IT IS TIME FOR RADICAL CHANGE IN PROPERTY MANAGEMENT Bernie Wales argues the case for dropping fixed charge fees. Leaseholders have complained that service charges are too high, property managers are not good enough, they do not care about what happens and they do not reply quickly enough, if at all. On…
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