More With Moreira: The Business Podcast

‘As a leaseholder, you must pay your service charges, irrespective of the service, it’s in your lease pay it’ In this episode, Desmond talks to Laura Severn from LMP about service charges and what happens when they are not paid. Their informed conversation provides an insight into the effect non-payment has on the different parties involved. If you are a leaseholder or a block manager listen in and find out what really happens with service charges, why we need them and what happens when they are not paid.   KEY TAKEAWAYS What are the main benefits of paying service charges? The reason you pay is to maintain the building you are living in. When they are not paid multiple jobs are suspended due to a lack of money to complete the work. If you are, as a good tenant paying but your neighbour isn’t, you may in time also not pay because you can’t see the level of maintenance you would expect. This is where the problem arises, people often perceive that there is a pot of money available for tasks, this is not c