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the setting of homeowner service charges

Lithos Road, Camden

CDS aims to set all of its service charges in accordance with the relevant legislation, housing guidance and best practice within the industry and act reasonably and fairly in calculating the charges.

Service charges will represent the cost of providing services to a particular area (such as a block or estate), plus the buildings insurance premium, the Society's administration charge and any relevant taxes, apportioned as described in the lease(s) and/or transfer deeds.Where no proportion is set in the lease CDS will seek to apportion the costs reasonably and fairly.

Click here to download a copy of the policy document 'Setting of Homeowner Service Charges'

This document describes CDS Co-operatives' policy on setting service charges for “right to buy” freeholders and leaseholders, shared-owners and original shared-owners who have subsequently purchased 100% of the equity in their home.

Contents include:

Obligations under the lease

Key legislation

Service charge annual timetable

Costs included in the service charge

Sinking funds

Ground Rent

Consultation

Disputes

Leasehold valuation tribunals

 

 

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