Service charge red flags every apartment buyer should know
Daniel Mwangi5 min read
A suspiciously low service charge usually means one of three things: the sinking fund is underfunded, the generator is undersized, or the developer is subsidising it until handover is complete.
Ask for two years of audited accounts and the current arrears position. Arrears above 15% are a warning sign about how the community is run.
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