Leaseholder Service Charges explained

Estimates and Actuals - how Service Charges work

Your service charge is an overall cost based on various elements that deliver and manage services to your block in accordance with your lease. The service charge is estimated each year and once the service charge year ends (31 March) we will audit the accounts and issue a Service Charge Actual Certificate, which is sent to you by 30 September each year. This could result in either a credit or debit being applied to your service charge account.