Q&A - How are service charges calculated

ANSWER

It is usual practice for the service charge budget for a building to be calculated using the expenditure incurred last year as a basis for comparison. It should also include any planned works to be carried out within that financial year. It is important to remember that these charges are only estimated and, therefore, are often incorrect.

Thanks to Sarah Fisher, of Smith Melzack Pepper Angliss , for answering our readers’ questions