It’s no surprise that an apartment block can be a breeding ground for neighbourly tensions. When you have a diverse bunch of people living under one roof, the age, background…
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If there is one thing, above all others, that has the potential to seriously disrupt the smooth running of your apartment block, it’s a Service Charge dispute.
Say ‘major works’ to many freeholders and they will visibly shudder, that is unless they’re fully prepared to deal with these huge undertakings (or have a fantastic property management…
Poor communication and bad money management make for unhappy homes, so if you’ve got a duff property management company you’ll know soon know about it.
The terms ‘reserve fund’ and ‘sinking fund’ are often used interchangeably. Essentially they’re one and the same thing…
