
The Service Charge
If you have purchased your flat, you will be the leaseholder and be responsible for the maintenance of everything
within the four walls of your flat.
Stafford and Rural Homes remains the freehold owner of the building and therefore has certain responsibilities which will be set out in the lease. These responsibilities include the repair and improvement of the block in which you live. In return, Stafford and Rural Homes will ask you to pay a contribution to the costs incurred. This is what is referred to as a Service Charge.
How Is it Calculated?
The charge is based on actual service costs and indicative costs for future planned maintenance.
The process for calculating the service charge begins following receipt of a ‘Right to Buy’ application for a flat. We will provide the potential leaseholder with an idea of the likely maintenance and repair costs for the initial 5-year period after sale.
The charge is made up of some or all of the following elements:
Payment
Leaseholders are invoiced quarterly. Payments can be made by
The service charge is fixed for an initial 5-year period. After the 5-year post sale period it is then reviewed on an annual basis,
Recovering Arrears
The process for recovering any arrears is in accordance with our Leasehold Management Policy
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