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property management fees

property management company fees – how do they calculate their bills?

We own a leasehold property in the UK and think the management company who deal with the freehold are asking unreasonable fees for management, and repairs and maintenance. We live on the first floor of a little edwardian masionette that’s only common part is a front path and guttering on the roof. We have no communal gardens, lifts, hallways etc etc The company are very “shady” at giving detailed accounts and simply insist that their fees are reasonable. As we don’t know exactly what they are collecting management fees for it is very hard to say whether “reasonable” is correct! Is their a common practise in property managent when deciding fees.

Sadly, these property management companies can charge whar they want, which is why many blocks of flats, etc form their own management companies and run them themselves.
You need to look at the agreement you have with them to see what limitations there are on their charges and whether you can sack them. It could be that they developed the property in the first place and they have put something in place to ensure that they keep hold of it.