spoed
09-03-2009, 19:52 PM
I have lived in my flat (1 of 3) for a couple of years and what maintenance has been done, has been paid for as it has been carried out. We have paid about £300 for insurance and accounts.
The Man Co has suddenly demanded £5,500 to be paid in the next fourteen days.
The Lease states
“The Management Company shall as soon as practicable after the first day of January in each year prepare estimates of the sums to be spent by it on the matters specified in Part II of this Schedule”
“The Leaseholder shall within 14 days of receipt of demand thereof pay to the Management Company the Maintenance Charge”
and
“Such sum as the Management Company shall determine as desirable to be set aside in any year towards a reserve fund”
The Man Co haven’t given any details of what they intend to spend the money but that any money not spent this year will be moved to the Reserve Fund.
Can they do this or do they need to comply with the Consultation on Major Works?
Or do they need to give me accurate proposals and estimates of what they intend to carry out?
The Man Co has suddenly demanded £5,500 to be paid in the next fourteen days.
The Lease states
“The Management Company shall as soon as practicable after the first day of January in each year prepare estimates of the sums to be spent by it on the matters specified in Part II of this Schedule”
“The Leaseholder shall within 14 days of receipt of demand thereof pay to the Management Company the Maintenance Charge”
and
“Such sum as the Management Company shall determine as desirable to be set aside in any year towards a reserve fund”
The Man Co haven’t given any details of what they intend to spend the money but that any money not spent this year will be moved to the Reserve Fund.
Can they do this or do they need to comply with the Consultation on Major Works?
Or do they need to give me accurate proposals and estimates of what they intend to carry out?