Back to site

©2024. All rights reserved.
Crafted by 4Property.

What are service charges?

What are service charges?

Your OMC is required to issue an annual budget and an annual report.  These documents should explain matters including the running of the estate, how the management fee is calculated, and where your money is spent.

At an Annual General Meeting (AGM) a proposed budget is presented to the members and 75% need to approve the budget in order for it to pass. If the member do not approve the proposed budget, then the current budget remains in place.

All unit owners must pay their service charges. The service charges must be calculated on a fair basis. For example some units their service charges are calculated by square footage.

Phil Thompson

Join 500+ happy house sellers who have greatly benefited from expert and experience-rich insider tips accumulated over 16 years in the residential property market by Phil Thompson, our Sales Director. Talk to Phil by filling form.

"*" indicates required fields

When do you wish to sell?*
This field is for validation purposes and should be left unchanged.

By submitting this form you agree to our privacy and cookie policy

There is no obligation to engage our services once you receive your property consultation from Phil

Privacy Policy

Pagespeed Optimization by Lighthouse.

Tell us why you are here, so we can tailor the website to your needs.