Service Charges
At Praxis Block Management, we understand the intricacies of service charges and their significance in effective block management. Service charges are vital contributions made by leaseholders to cover the costs of maintaining, repairing, and managing shared areas within a property. These charges ensure that communal spaces, such as corridors, gardens, lifts, and lighting, remain in optimal condition for the benefit of all residents.
Our approach to service charges is rooted in transparency and fairness. We believe in providing clear breakdowns of expenses, ensuring that leaseholders understand where their money is allocated and how it contributes to the upkeep of their property. By fostering open communication and accountability, we strive to build trust and satisfaction among property owners.
The lease serves as the legal framework that governs service charges, granting authority to both the freeholder and the managing agent to collect contributions from leaseholders. This document outlines the rights and responsibilities of each party concerning the maintenance and management of the property. Through diligent adherence to the terms of the lease, we ensure that service charges are administered accurately and in accordance with legal requirements.
Imagine your property is like a big family home with shared spaces, like the garden, hallway, and the entryway. Service charges are like everyone chipping in to keep these areas well-maintained.