It also includes a small contribution to the Fund for Future Maintenance to be used for repairs, redecoration and refurbishment of the communal areas. In many similar retirement developments such costs, which are often substantial, fall on residents to pay for them at the time. In the case of Sycamore Court these charges are spread over time by a contribution in the monthly Service Charge.
The Service Charge is reviewed each year by the Board and adjusted as necessary in order to meet anticipated expenditure. The budget and proposed Service Charge are presented each January to the Owners for consideration and acceptance.
Please contact Debbie Mayhew, our Manager, for details about the current Service Charge.