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Maintenance Charges

Maintenance Charges

Old Jan 20th 2018, 3:04 pm
  #1  
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Default Maintenance Charges

What have people's experiences been with maintenance charges? Do they provide value for money in general and how well are most properties maintained? Not sure how the system works in SP where you have communal areas, is there usually a residents' committee ?? A friend of mine in the UK was in a leasehold flat where the maintenance charge was simply a license to print money - she found it very difficult to sell the property for that reason.
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Old Jan 20th 2018, 3:37 pm
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Default Re: Maintenance Charges

The thing with service/maintenance charges you are never in control. Some are value for money, others are not. Some pay them, others do not. A leasehold means you only own the space plus the maintenance of that space for a period of time. Not the building or the land.
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Old Jan 20th 2018, 3:42 pm
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Default Re: Maintenance Charges

There has to be a community committee by law - there is an extensive law covering this aspect but as always depends on the community as an earlier poster said some are good and some not so good. Do extensive research on how it is working in the community before buying. If you rent you do not pay directly (the landlord does) or get a vote on any community issues.
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Old Jan 20th 2018, 4:35 pm
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Default Re: Maintenance Charges

IMHO, the system of community charging is better regulated in Spain than in the UK where the management agent / factor can charge whatever he likes for his services.
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