property management costs

sparimandarni


Joined: 01/08/2008
Posts: 22

Message Posted:
13/08/2008 20:21

I have just been advised by our builder that a management company has been assigned by them at the cost of £400 for a six month period. Now this seams to be expensive to me as i was originally advised by our estate agent the cost would be about £40 per month. The apartment complex has only one shared pool. I would be interest to know what other people on the forum are paying.



Cheers

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
13/08/2008 20:23

I think we should all know!



ON A PUBLIC FORUM.



wyn

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
13/08/2008 20:32

Message 1 did you have anything written in youre contract re maintenenence costs ?

The butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
13/08/2008 20:57

Hi Sparimandarni,



I wouldn't mind just paying £800 per year. We pay a whopping £1250 + vat and then we have to pay our council tax and property tax on top £110.00

When we bought, our contract said £475.00 + vat and thats what we paid for the first year and then they put it up. You might think we have loads of facilities on site, like tennis courts, shops, bars, cafes etc. No we don't only the pool even the landscaping isn't finished. Contracts here are not worth the paper they are written on and the developers can hold you to ransom. Sorry to be the bearer of bad news but you can't trust any of them, builders, developers, salesmen. They all tell you what they think you want to hear and it's all lies.



The Butler

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
13/08/2008 20:58

Our management costs at the Medview site at Esentepe are £1,270 per annum for a 2 bedroom bungalow. Water to the bungalow is charged at 10 ytl per ton.

Michael

Busy Bees Bogaz


Joined: 18/02/2008
Posts: 283

Message Posted:
13/08/2008 21:42

I have been requested today to answer questions on propery matters and am therefore doing so. For anyone buying off plan properties, please confirm managment charges prior to signing contracts. Please also confirm that these charge will not increase year on year more than inflation. Our policy is now not to deal with any property developers that do not accept these conditions.



Your sales contract must state clearly exactly what services are included.



I hope this is of some help.



Maria Jerome

sparimandarni


Joined: 01/08/2008
Posts: 22

Message Posted:
13/08/2008 22:04

Hmmm.



Maybe its not so bad after all then...lol



Cheers everyone

ilovemydogs



Joined: 20/04/2008
Posts: 514

Message Posted:
13/08/2008 22:09

god knows what ours are they are still arguing it out. after 4 management companies... still no wiser

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
13/08/2008 22:17

Well said message 7 what a joy to hear that from an estate agent well done , also remember that all owners own equal share of the complex so if you get youre own forum together , you can then discuss maintenence issues together with maintenence charges , if you are not satisfied with charges service etc , you can then challenge management company , if you are still not satisfied then you can encourage other maintenence company's to tender , and start another maintenence company to run the complex if all efforts fail with existing maintenence to fufill owners needs , takes a lot of organising but it can be done .

pilgrim



Joined: 11/05/2007
Posts: 1404

Message Posted:
13/08/2008 23:00

are you sat down? 2.5k includes pool maintenance, gardening and water.

800 I wish.

Regards

p

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
13/08/2008 23:02

was that in the accounts they produced ?

bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
13/08/2008 23:13

For those in the contract stage it is advisable, to prevent hugh price increases in maintenance fees, to have something along the lines of:



The Purchasers will pay a monthly fee of £-- for the duration of 2 years from the date they take possession of the property for the maintenance of swimming pool, communal gardens, roads lighting etc.

The fee and maintenance company, thereinafter will be jointly decided upon by the residents/ shareholders of the apartments.

The butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
14/08/2008 00:39

Hi Busy Bees,



So does that mean you won't be dealing with the biggest developer in Bogaz then?



The Butlers wife

Busy Bees Bogaz


Joined: 18/02/2008
Posts: 283

Message Posted:
14/08/2008 06:56

Hello The Butlers Wife.



No, we do not. Only on re - sales, and any purchasers are made fully aware of maintenance costs so they can make their own decision.



Thanks

joandjelly


Joined: 24/02/2008
Posts: 2953

Message Posted:
14/08/2008 09:58

Patara City £35 per month maintenance

brandy sour


Joined: 09/04/2008
Posts: 310

Message Posted:
14/08/2008 13:01

Because it is a BIG complex big complex small charge.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
14/08/2008 13:09

Yes i agree that a large complex may pay lower charges , however they could have a good management company who can budget well , they could also have owners input on running the site , which again could be why such a reasonable charge , it could also have been a set charge for 2 years.

sparimandarni


Joined: 01/08/2008
Posts: 22

Message Posted:
14/08/2008 20:40

Pilgrim......



Sounds to me like someones having there pants pulled down. 2.5k????



As for 'our' management costs, i just cant see how they can justify that amount for the work that is involved. I agree that profit is not a dirty word but i think ,extortion' is.

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
15/08/2008 16:10

Pilgrim

We are talking £ are we?

It wont cost me that for pool and garden for an individual villa on half donum and presumably your management company has economies of scale.