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Estate News

12-10-04 20:59

THCH Service Charge Calculation

Information from THCH on the way they calculate Service Charges, and a comparison of LBTH and THCH service charges for similar properties

Our Leaseholder Steering Group (LSG), which meets quarterly and is open to all leaseholders and THCH jointly, agreed the process for calculating service charges.

The method decided on is as follows

Expenditure Item

Apportioned

Method of Charge Calculation

Communal Boiler Maintenance

block

 property size

Bulk Rubbish Removal

estate

per property

Caretaking/Cleaning

estate

per property

Chute Blockages

block

per property

Communal Energy (gas)

block

property size

Communal energy (electricity)

block

per property

Communal Repairs

block

per property

Entryphone Maintenance

block

per property

Horticultural Maintenance

estate

per property

Lift Maintenance

block

per property

Refuse Containers

block

per property

TV aerial Maintenance

block

per property

The apportioned charge is based as far as possible therefore on the actual cost to each block or estate and based on the cost of the actual services agreed and received.

THCH provides leaseholders with accurate and timely information about the services they receive, the cost of those services and the amount due in service charge payments. We also set aside a week each year when leaseholders can visit our offices and inspect all bills paid on their behalf. So if for example you want to check out whether you are being charged the correct proportion of a communal electricity bill, you will be able to see all those bills paid for in your block.

Whilst it is difficult to make exact comparisons because of differences in properties and also the lack of information we have from LBTH on their service charges. However we do have a comparison for a typical 3 bedroomed ex-GLC maisonette, which shows that with roughly the same services being provided are approximately 13% cheaper with THCH. This shows that costs with THCH are likely to decrease should you choose THCH as your partner RSL:

 

2004/5 Estimatefor LBTH property at Norbiton Road

2004/5 Estimate for THCH property at Chapman St

Block & Estate Cleaning

 

 

Bulk Rubbish Removal

n/a*

 

Communal Energy

 

 

Refuse Containers

 

 

Housing Management Charge

 

 

Horticultural Maintenance

 

 

Block & Estate Maintenance

 

 

Entryphone Maintenance

n/a

 

TV Aerial Maintenance

 

 

Administration

 

 

Sub Total

 

 

Ground Rent

 

 

Insurance

 

 

Grand Total

 

 

*THCH breaks down the costs of removing dumped rubbish from the estates, which LBTH include within their cleaning charges

Another example of a THCH bills for 2004/5 that could be comparable to a 2 bedroomed property.

THCH property in a block of 60 units at Lysander House           

Block & Estate Cleaning

 

Bulk Rubbish Removal

 

Communal Energy

 

Refuse Containers

 

Housing Management Charge

 

Horticultural Maintenance

 

Block & Estate Maintenance

 

Entryphone Maintenance

 

TV Aerial Maintenance

 

Lift Maintenance

 

Administration

 

Sub Total

 

Ground Rent

 

Insurance

 

Grand Total

 

 

 


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