J
Although in the MUD act it does say any at least 200 euro per unit is added to the sinking fund each year.
. As you say nobody is going to vote to pay extra charges no matter how unfair the fee's are apportioned in the lease.
We have since discovered that the division of management fees was never set out in the lease. It was devised by the Management Company as instructed by the developer. We intend raising this at the AGM and coming up with a new and fairer way of apportioning the charges with the agreement of all owners (easier said then done).
In most cases leases can be amended at an E.G.M. usually a high percentage will be needed to carry the vote.
Has anyone got an answer to this issue yet..
I am a townhouse owner in a mixed development consisting of 90% apartments. The head lease states the annual service charge should be apportioned - "by per cent of the costs and expenses incurred". The management agent has calculated fees by unit size (m2).
Is this the industry norm or just the easiest way of calculation??
Is there not a fair way to administer costs by way of which units require most service??
I am aware of two situations in mixed developments - ours and a neighbouring one.
Development A - fees are apportioned on number of bedrooms irrespective of whether it's a townhouse, a duplex, an own door apartment or a shared entrance apartment. Directors of development A have done extensive research and taken legal advice but based on their leases it is not possible to apportion fees based on services received.
Development B - fees are apportioned based on services received. All unit types pay insurance, car park lights, grounds maintenance etc. Shared entrance apartments pay for all the extras they get such as common area cleaning, lighting and fire safety costs. Much fairer
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