The management arrangements for a new development should require the developer to be responsible for the payment of service charges in respect of unsold flats and those not sold on long leases (excluding accommodation provided for site staff).
Covering Topics
Overview
The Legal Position Of Leaseholders In Partly Sold Developments
Contractual Arrangements For Payment Of Voids
Tripartite Leases And Voids
Two Party Leases And Voids
Completion Monies For Service Charges
Can Managing Agents Assist Developers To Minimise Voids?
Adjustment Of Apportionments Of Service Charges
Budgeting For New Developments
Flats Retrained By The Landlord
Resource
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