Should an owner have any issue or problem, please email your concern to the factor at factoring@fbrseed.com This should always be your first “port of call”. Should the factor not resolve your issue to your satisfaction, then do please email the LHRA at leethaugh@gmail.com and we will try to help.
Each owner has signed a legal agreement that they will contribute financially to the Common areas of the Estate to ensure that everything remains in good condition and presentable to all. The Factor has been appointed to deal with the Management of these aspects and all Owners have paid an initial fee of £200 as a float and an ongoing monthly fee (currently £26) to cover the Operational Expenses. All this information is contained in your Deed of Declaration of Conditions which is a binding contract. This page is intended as a guide for reference and has no legal basis.
In summary, each owner is responsible for:
- Maintaining their own property and garden area in ‘good order’. This includes nominated parking spaces and those areas which are assigned to them as a burden (for instance some paths behind, alongside and adjacent to properties which are generally used by the property/properties exclusively. Please note that there are some differences in the Deeds of particular phases but these generally relate to what you are able to do with your property eg erect aerials etc. and not to the Factoring.
- Use of the property as permitted.
- Maintaining Community burdens which are common areas and includes landscaped areas and non-adopted roads, parking spaces and paths. Note that many roads and paths are adopted by the Council and until adopted remain the responsibility of the Developer. We will also expect to have to maintain the Aerial Systems when handed over by the Developer. Each Owner is required to pay an equal amount for maintenance.
- Everyone has paid an initial £200 into a float which is kept in a common account with the monthly funding by individual owners. The £200 is meant to provide a buffer for unexpected events which are not covered (or predicted to be covered) by the monthly fee. When someone leaves then their ‘pot’ is returned which may be higher or lower than the £200 originally put in and replaced by the £200 of the new owner. At no time should anyone lose this unspent risk pot or monthly payment as house selling/purchase is contiguous. Over the years some of this ‘Risk pot’ has been used to fund Operational Expenses and so everyone’s ‘pot’ has been reduced. This may have future implications if we experience damage that is not covered by Insurance or any other means, and Owners would be required to cover any outstanding amount. Owners need to bear this in mind when considering how much they have in their ’pot’ at the end of the year. As indicated earlier having a £100 to £200 ‘pot’ is probably a reasonable starting point but needs to be reviewed annually.
- Pay a monthly Fee for the maintenance of Common Areas as determined by the Factor. These considerations will include:
- Management Fee for the Factor – fixed but may be increased by CPI annually.
- Maintenance of Landscaped and common areas.
- Costs agreed by the Residents Association Committee eg Christmas Tree, AGM expenses etc.
- Insurance
- TV Aerial – future when handed over
- Contingency
- Any funding to increase the ‘Risk pot’
- The Committee has met with FBRSeed as mentioned in a previous update and intend to work with them at the start of each year to ensure acceptable outcomes for all parties. If we do this then we can ensure, as far as possible, that the expenditure predicted in the year is balanced by monthly payments and that our ‘Risk pot’ is at an acceptable level.
- Click the link below to see the Roads and Parking maps
leethaugh.com 