Sue Ridenton wrote:Hi - I am looking into buying an apartment on a small complex can anybody tell me how much I should budget to pay for communal charges
and if possible give me a breakdown before I sign on the dotted line I need to make sure I can cover all costs - many thanks
Communal charges are based on the size of the property in relation to the the others in the complex. E.g. If you buy an apartment of 75 sq.m, then your charges will be half as much as someone with a 150 sq.m apartment.
If you own property in a complex, you are required by law to contribute to the insurance, maintenance and repair of the commonly owned parts of the building; in essence those parts that you share with the other owners. These may include entrance halls, stairways, exterior walls, swimming pool, tennis courts, etc. (whether you make use of them or not).
As orokliniservices has pointed out, this is something that you need to discuss with the agent, developer, or your lawyer.
Regards,