Yes - and this is normally the case and it is normally one of the largest single items in the itemised annual budget even though insurance premiums have been falling in recent years.asdfg said:I think the managemeny company will also have to take out public liability insurance as for all intents and purpose this is private property.
There have been calls for new/clearer legislation and regulation of this area in recent times - e.g. [broken link removed].This area - management companies - is fairly new. No regulations in force legally that I am aware off.
asdfg said:County Councils do not in general take over estates from builders anymore.
Remember if a pipe on the road breaks etc the management company (the residents are responsible).
I think the managemeny company will also have to take out public liability insurance as for all intents and purpose this is private property.
This area - management companies - is fairly new. No regulations in force legally that I am aware off. .
In some cases it has to do with the title of the land on which the estate is developed on as far as I know. At least that's what I heard about our estate anyway.AKA said:Seems unfair that new householders should have to pay the management fee and older housing estates don't have to.
In some cases the local authority will take some of the services in charge but will not take the estate in charge overall. For example in our estate waste management and sewage/main drainage are managed by the local authority and the developer had to lodge a bond with the local authority to cover problems that might (and did!) arise with these and required remedial work after the development was completed. On the other hand roads maintenance, electricity and many other issues are the responsibility of our management company (and dealt with day to day by the management agent which they engage on our behalf).The builder had to pay a levy to the local authority for services...anywhere for 10K per house. Are you sure the management company is responsible for pipe repairs? I thought this would be the responsiblity of the water department of the local authority.