Home Owners' Service Charges
The table below details services provided and charged to customers who are home owners.
Service |
Description |
|
Day to Day Repairs |
This covers the cost of repairs to communal areas in the block. Repairs for which you may be charged include but aren’t limited to, guttering, roofs, communal doors, fire alarms, and lighting not covered by their respective contracts. You share of the total cost as specified in your lease. |
|
Flat Roof Inspection |
This covers the cost of the visual check in line with the manufacturer’s recommendations. |
|
Heat Exchanger Servicing |
A heat exchanger, also known as Mechanical Ventilation with Heat Recovery (MVHR), provides fresh air while retaining most of the energy used to heat the building. This covers the cost of servicing and maintenance which are required by electrical safety regulations. |
|
Insurance |
We are responsible for insuring the building, and this covers your contribution towards the cost of the insurance premium. |
|
Sinking/Reserve Fund |
A sinking/reserve fund is like a long-term savings account or ‘rainy day’ fund, which is used to help pay for large-scale repair, replacement and maintenance work as well as cyclical decorations. |