funnymunny
Registered User
- Messages
- 143
Hi,
Looking for some advice regarding a management company fee. We moved into our house in March 2007. About a week after Christmas, we received a letter from the management company requesting the fee of €250.00 for 2007 and a further €250.00 for 2008. I wrote back explaning that we had not moved in until March of 2007 and asking in this instance what the fee was? They wrote back to say that the fee was €250.00 regardless. Would this be the norm?
I find it odd that the management company did not request the fee for 2007 until 2008, yet they expect the fee for 2008 up front in the beginning of January. I want to suggest setting up a standing order for say €100 a month for 5 months to pay it, but I am unsure if this would be common practice or not.
Finally, I did ask for a breakdown of the figures that this amount includes and I was given accounts for 2005 & 2006. I notice that the income in 2005 (not accurate figures but just to give the gist) 5052 and the expenses were 5052, while in 2006 the income was 7832 and the expenses were 7832. Am I wrong in being suspicous that their expenses always equal their income and they are making no profit?
Would appreciate any input.
Looking for some advice regarding a management company fee. We moved into our house in March 2007. About a week after Christmas, we received a letter from the management company requesting the fee of €250.00 for 2007 and a further €250.00 for 2008. I wrote back explaning that we had not moved in until March of 2007 and asking in this instance what the fee was? They wrote back to say that the fee was €250.00 regardless. Would this be the norm?
I find it odd that the management company did not request the fee for 2007 until 2008, yet they expect the fee for 2008 up front in the beginning of January. I want to suggest setting up a standing order for say €100 a month for 5 months to pay it, but I am unsure if this would be common practice or not.
Finally, I did ask for a breakdown of the figures that this amount includes and I was given accounts for 2005 & 2006. I notice that the income in 2005 (not accurate figures but just to give the gist) 5052 and the expenses were 5052, while in 2006 the income was 7832 and the expenses were 7832. Am I wrong in being suspicous that their expenses always equal their income and they are making no profit?
Would appreciate any input.