What is a Management Company and Service charges?
Almost all apartments and some houses (whether freehold or leasehold) can be subject to the payment of service charges. For an apartment this would cover the cost of maintenance and repair of any common areas in the building and insurance payments.
For a house, especially when a relatively new estate, the service charges would cover the cost of maintenance, repair and insurance of any common areas, sometimes the roads and footpaths if they are not maintained by the local authority, or a play area built as part of the planning conditions of the estate.
A management company is under an obligation to keep accounts and provide accounts to you annually to show what payments have been made and what your service charges will be for the next year.
The responsibilities of the Management Company would be outlined in the title documentation. The cost of service charges depends on the amount of maintenance done on the estate or block if it is a flat so there is no way to estimate what these would be without sight of the Management Pack when the contract document is received.
Invariably whether or selling or buying a property with a Management Company, there will be additional charges involved.
If you are selling then your buyer will require sight of the Management Company pack which will contain all the requirements of the Management Company, insurance details and notice fees. On a sale this must be obtained by the seller and can cost anything up to £400 to provide.
On a purchase your solicitor will, following completion, be required to give notice of change of ownership to the Management Company and there is generally a fee payable for this. Again until the Management Pack is received this figure would be unknown but is likely to be in the region of £200.
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I just wanted to send an appreciation email! People are often quick to complain but not as quick to give appraisal.
This is the second time that I have used Vincent’s solicitors and I have yet again been very happy with the service received. Any queries I had were always answered efficiently & I never felt that I asked too many questions (or that they were silly to ask!). Nothing was too much trouble. Joe, also a great point of contact with again great communication and always very helpful.
Thank you so much for making this a stress free process, and I will continue to recommend Vincent’s Solicitors & the team there.
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Jessica
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Nicole, Sarah, Daisy
A belated thank you from me for all your support , patience and hard work on getting the purchase over the line.
As ever, a first rate service from you all – you are by far the best conveyancing team I have ever experienced and as this was property transaction no 18 for me that gives you some context !
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Following completion on my property sale I just wanted to show my appreciation for Vincents conveyancing services and in particular the support provided by Kerry Rankine.
Kerry was efficient, responsive and proactive throughout the transaction, her efforts made what could have been a stressful process straightforward and stress free, please pass on my personal thanks.
Now that this property has been sold we need to sort out our Wills & LPAs and I would appreciate an introduction to a suitable contact within Vincents, our preference would be to visit the Garstang office.
Regards
Adrian
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I highly recommend Vincent’s solicitors for their exceptional conveyancing services. June and her team were not only friendly but also displayed extensive knowledge, delivering an excellent service for the selling and purchase of my new property.
Efficient and Reliable
We have used Vincents now on two occasions and cannot fault them. They are efficient, reliable as always. And as for solicitors, I will not use anybody else going forward. Amazing service and would recommend them to anybody!
Extremely Responsive
My wife and I have used Vincent solicitors for conveyancing since 2005 and for every property I’ve bought they have provided a consistently great service. They are always extremely responsive which helps enormously to speed the transactions along and they have always shown a high level of expertise. That expertise was especially useful in our most recent house purchase, which saw us move from a city centre property in the South East, to rural Cumbria. For this purchase June Caunce was our conveyancer and she helped guide us through the intricacies of easements, septic tanks, boundary issues and more! These are all elements we had not encountered before and so having a local and knowledgeable firm helping us was vital in covering off those elements, ensuring the purchase went smoothly.
Clear Advice Feels Better
Good morning,
I just wanted to send an appreciation email! People are often quick to complain but not as quick to give appraisal.
This is the second time that I have used Vincent’s solicitors and I have yet again been very happy with the service received. Any queries I had were always answered efficiently & I never felt that I asked too many questions (or that they were silly to ask!). Nothing was too much trouble. Joe, also a great point of contact with again great communication and always very helpful.
Thank you so much for making this a stress free process, and I will continue to recommend Vincent’s Solicitors & the team there.
Happy Monday & have a great week!
Kind regards,
Jessica
Clear Advice Feels Better
Nicole, Sarah, Daisy
A belated thank you from me for all your support , patience and hard work on getting the purchase over the line.
As ever, a first rate service from you all – you are by far the best conveyancing team I have ever experienced and as this was property transaction no 18 for me that gives you some context !
Kind regards
Alison
Clear Advice Feels Better
Following completion on my property sale I just wanted to show my appreciation for Vincents conveyancing services and in particular the support provided by Kerry Rankine.
Kerry was efficient, responsive and proactive throughout the transaction, her efforts made what could have been a stressful process straightforward and stress free, please pass on my personal thanks.
Now that this property has been sold we need to sort out our Wills & LPAs and I would appreciate an introduction to a suitable contact within Vincents, our preference would be to visit the Garstang office.
Regards
Adrian
Highly Recommended
I highly recommend Vincent’s solicitors for their exceptional conveyancing services. June and her team were not only friendly but also displayed extensive knowledge, delivering an excellent service for the selling and purchase of my new property.
Efficient and Reliable
We have used Vincents now on two occasions and cannot fault them. They are efficient, reliable as always. And as for solicitors, I will not use anybody else going forward. Amazing service and would recommend them to anybody!
Extremely Responsive
My wife and I have used Vincent solicitors for conveyancing since 2005 and for every property I’ve bought they have provided a consistently great service. They are always extremely responsive which helps enormously to speed the transactions along and they have always shown a high level of expertise. That expertise was especially useful in our most recent house purchase, which saw us move from a city centre property in the South East, to rural Cumbria. For this purchase June Caunce was our conveyancer and she helped guide us through the intricacies of easements, septic tanks, boundary issues and more! These are all elements we had not encountered before and so having a local and knowledgeable firm helping us was vital in covering off those elements, ensuring the purchase went smoothly.
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