Table of Contents

Service Charges, Ground Rent, Administration Charges

Table of Contents

Summary

Reasonable

In general, the service charge at Benedicts Wharf has been in line with similar developments in the area. The shared heating and hot water system means an increase in service charges with the current high energy costs faced by every household in the UK right now.

Where flats are rented out, it can be hard for the leaseholder to pass on this increased energy cost to their tenant via their rent, instead of the tenant paying only for what they use directly to the utility company.

If there was a boiler in the flat itself, the leaseholder would have to pay for annual safety checks and maintenance. With the shared heating and hot water, the cost of maintaining the system is paid via the service charge instead.

References