Who pays the Rent Charge?
Every freeholder in the development pays a rent charge. This includes properties in Tennyson Mews, Repton Hall, Gainsborough Mews, Royal Victoria Park, Strathearn Drive and John Repton Gardens. If the property is rented, it is the landlord's responsibility to pay the rent charge. Invoices are sent out once per year in March. Payment is due in April each year.
If you are late paying you can expect to receive a late payment charge. These charges are described in our invoices and are to cover the administrative costs of issuing reminders and updated invoices. Payments not received after the final date defined in our invoices will be referred to a debt collection agency. The costs of a debt collector are substantial. If we request the use of a debt collection agency, the full costs of the debt collection agency, in addition to those above, will also be borne by the debtor.
If you are renting your property it is essential that you make arrangements with your tenant and / or managing agent to ensure payment is made promptly.
If you have any queries about billing, or the state of your account, please contact us at firstname.lastname@example.org
How much Rent Charge will you pay?
The rent charge is based on a budget which is set each year. The budget is then apportioned to each property. The budget is set using the previous year’s actual costs. We also factor in an additional amount for anything that we anticipate will change eg. tree works. This means that your rent charge may change each year.
Below is the proposed budget for 2022.
Landscaping (Ambience) £4,200.00
General Repairs £250.00
Mailout for Rent Charge Invoicing: £350.00
Web Hosting: £40.00
Bank Charges: £100.00
ICO Data Protection: £40.00
Public Liability Insurance £460.00
Accountant's Fee £650.00
Invoices for rent charges for the period 1 January to 31 December 2022 will be issued in March 2022.
Please address any queries to our eMail address.