Last year Management company requested 7-10 K levy for Fire remedial work. Apparently work doesn't fall under remit of recently announced government remedial scheme, not sure why. Any advice or experience on funding this?
Sinking fund situation is a bit murky.
Recently AGM decided to change management agency. New agency reckons that the old one neglected sinking fund in order to avoid management fee increase. Recently Audit confirmed this so unfortunately it seems sinking fund is not a solution.
Original developer still in business, but fire protection issues are related to stricter post-completion fire regulations.
Thanks
Sinking fund situation is a bit murky.
Recently AGM decided to change management agency. New agency reckons that the old one neglected sinking fund in order to avoid management fee increase. Recently Audit confirmed this so unfortunately it seems sinking fund is not a solution.
Original developer still in business, but fire protection issues are related to stricter post-completion fire regulations.
Thanks