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Efficient cost control

Service charge budgets are drawn up for new developments and, for existing properties they are reviewed annually. Actual expenditure is monitored against budget throughout the management year. The Estate Manager is available to discuss any financial matter with the residents and audited accounts are issued annually by post.

Service charges are invoiced and collated in accordance with the terms of the Lease and Transfers. The insurance of the buildings, their common parts, services and facilities, together with fire, accident, material damage and employer’s liability insurance, are arranged and reviewed annually.