Leaseholders usually contribute toward:
Block insurance
Cleaning of common parts
Grounds maintenance
Window cleaning
Electricity used in common parts
Internal and external decoration of the Leasehold blocks
Maintenance of the common parts
Binstore clearance
Lift maintenance and insurance (if fitted)
Health & safety risk assessments
Running costs of the residents management company
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Service charge help
Your service charge forms a fundamental part of the running costs of your property.
Whether you are a Leaseholder in a block, or a Freeholder who owns a house that forms part of an estate or development, you will be responsible for paying a service charge.
Service charges are calculated very differently for Leasehold and Freehold properties. Whilst not being a definitive guide, as each development has its own specifics, the following will almost certainly apply to you as a property owner:
Freeholders usually contribute toward:
Block insurance for public liability in common parts
Maintenance of the common parts
Binstore clearance
Health & safety risk assessments
Running costs of the residents management company
PMS have created a downloadable document explaining how service charges are calculated and the impact they have on property owners which can be downloaded <here>.
