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prs26
Member
Last Activity: 15-06-2022, 12:20 PM
Joined: 03-09-2020
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Many thanks for your responses. You are right in saying that what is happening is not clear and I'm trying to get to the bottom of it but what you have both said above is really helpful and gives me a way forward - thank you.
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There is no reserve fund and the levy the directors intend to ask for comes from people being asked to contribute 'voluntarily' to the remaining two thirds cost (sorry meant to say above that two thirds of the costs would come out of a levy, not one third) of the work being proposed. At the moment...
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Section 20 notice
Works have been proposed for a block of residential flats - electric and lighting work; decoration; and fixture replacement. The cost is due to come one third out of the service charge fund and one third out of a levy outside the service charge but with no clear distinction as to which cost is attributed...
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