Management Company & Fees

[CO'L]

has anybody been made to pay mgt fees yet?
I would have presumed that since they dont take over until the builders are off site that we don't pay them until they actually are taking care of the site

 

[kilnsb4]

I am in Block 4 and had to €960 on signing.

 

[cookiemon136]

If you don't mind me asking just what did you pay €960.00 for? I presume you have your own hall door and are not sharing a communal entrance with anyone else? Are you 2 or 3 bed property, and if so what is your sq footage of your apartment? I'm a little taken aback by what you've had to pay.

 

[thekilns_Hugh]

Paying the management fee is part of the process signing for the house. You won't get the keys until its paid. Our solicitor got an exact breakdown of it from the management company, I think. It documents everything exactly. The main reason they are high is that they include block insurance.

 

[cookiemon136]

Yes, I am aware of the process.

 

[MonkeeMan]

Hi Hugh,
Just out of interest did the breakdown you recieved include anything for security, or gates. Also what dates did they cover?
Cheers

 

[kilnsb4]

Very little breakdown available, includes the house insurance and the refuse collection.
Will be given a allowance against next years fee for any portion not used in the current year (31/12/2006) ie €960 for the year will be given 9 months allowance next year. Not 100% on this but did not have much of a choice as no building insurance confirmation, no mortgage, no keys.

I would expect the management fees next year to be in the region of €1500 minimum and problaly inexcess of this for the units in the apartment blocks with lifts. Broken down as follows:

Building Insurance €350
Refuse Collection €400
General upkeep of development €250
Sinking Fund €300
Other €200


These figures are of the top of my head but seem reasonable, I am in a three bed and when the budgets are done for 2007 my service charge should not include maintenance of the lifts or common areas within the blocks.

 

[steveyd]

Hi kilnsb4,

Are you saying the managment fees we paid on closing are only up until the year end and then I presume in JAn we will get another bill for 1500Euro???

Thanks

 

[kilnsb4]

Thats my understanding of it, a allowance is given for the portion not used for example I moved in 1 October paid €960 I get a allowance of €720 against next years fee and have to pay €780 for 2007, if the fee for 2007 is €1,500.

 

[spark]

Posts relating to the Management Company and the fees incurred should be placed here. All of the above posts were removed from the Security Gates thread and inserted here as this issue, while related, deserves its own thread.

 

[steveyd]

managment fees

Hi,

Does anyone no when we will be getting a bill for the Mgmt fees or in what month of the year we will get them?

 

[CO'L]

wasn't there a letter from management company with the details of an general meeting, and that management fees would be discussed then.
Think it was scheduled for July.

you could always call management company and ask them!

 

[lanceb8]

Anyone heard anything regading the 2008 management fees / 2007 AGM from Cuala in the past month or two

 

[kilnsb4]

Anyone any taughts on the recently issued 2007 - 2008 services charges
Cuala charging €21k for the development of which over €7 relates to the block 8
Apartments in B8 & 9 paying for the common areas charges seems to be spilt appropriately

 

[beachman]

kilnsb4, could you re-phrase your last post...I didn't follow your point in relation to the fees/block 8

 

[kilnsb4]

In a previous development I was in the service charge was lumped in together and divided by square footage.

Resulting in the stand alone units being billed for the common areas and lift expenses in the apartment blocks

Cuala have spilt the expenses solely relating to Block 8 and 9 and have therefore spilt the expenses appropriately hope this clears thing up for you

 

[beachman]

I hear the management fees for this year are being cut. i was wondering were we going to be clobbered. it seems not. can't be many places where the fee is heading south and not the opposite direction. good news at last

 

[mearnog]

Can I just confirm something. Did everyone pay their fees last year in July?

If so, why are they being charged now in May. I had budgeted to pay this in July

Was last years payment for only 10 months?? I havent had the chance to find last years invoice yet

 

[beachman]

i paid mine in April so it's 12 months for me. you can pay by direct debit if you don't fancy doing it in a one-er

 

[Lenguy]

Does anyone know who the directors of the Management Company are? Cuala are the agent employed by the Management Company, but it is our directors who approve the budget and annual fee etc.