In this section of the site, we endeavour to anticipate your questions about the role of managing agents.
What are my service charges based on?
Service charges collected in advance should be based on a considered budget for the year. The budget can be prepared with reference to previous year’s expenditure for annual items, estimates or quotations for work specific to the year, and a reserve fund collection if appropriate.
You will pay the proportion of the total service charge stated in your lease.
