
Common parts electricity – The provision and maintenance of electrical power and lighting to buildings and communal areas, and up to (but not within) individual flats. These costs are mainly calculated based on previous actual costs incurred.
Garden maintenance – Maintenance of any communal garden areas, such as planting flowerbeds, pruning trees, soft landscaping, etc, calculated in accordance with details specified in the long-term gardens maintenance contract.
Insurance: Lifts – Insurance premiums for any lifts at your block, as advised by the Council in conjunction with their insurers.
Management Fee – Your share of the costs of providing of all management services (other than caretakers and supervisors) relating to leaseholders, such as Leasehold Management; invoicing and arrears control; surgeries etc. This is separate from the Management Fee associated with any major works schemes, which relate specifically to those Schemes, and is calculated based on budgeted salary and overheads for the financial year. These are divided by the number of leaseholders Boroughwide to get a unit cost, which is then applied to each block in accordance with the Council’s weighted-room formula.
Houses attract a separate management fee to reflect the lesser degree of management applied to them in accordance with the reduced obligations on the landlord by the transfer document.