J
jacob
Guest
Hi.
I am a director of a small development of 55 units. Our development consists of townhouses, 2 bed apartments and 3 bed duplex's.
A question has come up regarding how our management fees are divided among the 3 different types of units. The townhouses are not covered by block insurance which is normal. Apart from the insurance all other items listed on the annual service charge relate equally to each type of unit ( street lighting, cleaning, vermin control, auditor's fee's, management agents fee etc).
Now my question is can the ratio of how each unit type fees are set in the lease be changed to reflect the actual and fairer cost?
At present the 3 bed duplex's pay 2.1 times the fees of the townhouses and and 1.2 times the fees of the 2 bed apartments. The 2 bed apartments pay 1.7 times the fees of the townhouses.
We have no lifts and all units have there own hall doors. There are no common areas bar gardens.
Jacob
I am a director of a small development of 55 units. Our development consists of townhouses, 2 bed apartments and 3 bed duplex's.
A question has come up regarding how our management fees are divided among the 3 different types of units. The townhouses are not covered by block insurance which is normal. Apart from the insurance all other items listed on the annual service charge relate equally to each type of unit ( street lighting, cleaning, vermin control, auditor's fee's, management agents fee etc).
Now my question is can the ratio of how each unit type fees are set in the lease be changed to reflect the actual and fairer cost?
At present the 3 bed duplex's pay 2.1 times the fees of the townhouses and and 1.2 times the fees of the 2 bed apartments. The 2 bed apartments pay 1.7 times the fees of the townhouses.
We have no lifts and all units have there own hall doors. There are no common areas bar gardens.
Jacob
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