
Originally Posted by
Rock_Flock_of_Five
When I was buying a flat in Cardiff many years ago, apart from having to pay ground rent (wasn't much) I also had to pay maintenance costs to the management company.
The flats were built in 1965 and had a problematic flat roof (damp).
The management company had contractors build a pitched roof. At the same time, the area around the basement garages was in need of repair... all of this work (roof & tarmac) came out of a reserve fund that had accrued over the years.
All the maintenance costs each year were audited and sent to each resident. It was as transparent as could have reasonably been hoped for, therefore we weren't faced with a sudden huge bill.