Shared ownership
How are maintenance and repair costs apportioned in a development that includes privately owned and social housing?
This is determined by the Service Charge team at Hyde.
They work in conjunction with the Project Manager for the development to determine which materials have been used, their probable longevity, building insurance costs and also which facilities are available, such as lift, communal gardens etc, as well as what the cost of maintaining them would be. A sinking fund is also factored in for future replacements.
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