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Thursday, May 27, 2004

Received yesterday from Greenwich Council

Mr B Fella
[insert number and name of block]
[insert name of road]
That London
[insert postcode]

Dear Mr Fella

Re: Proposed Works at [insert name of block] – [insert name of road]

Thank you for sending your observations for the above mentioned contract.

It has become apparent due to further audit checks that an error was made in allocating relevant work and costs to the block. The identified works are replacement timber front doors and the rewiring to flats. A revised block cost is enclosed.

Your revised rechargeable block cost is £168,881.32.

[insert some bumph about how our contribution is calculated which I would insert if I knew how to do tables in HTML ;)]

Your contribution towards these works is therefore £8,450.19. You will also be charged a supervision fee of 6.5% and a management fee of 10% giving you a total estimated contribution of £9,844.47…


That’s the upshot – the estimate has been almost halved because someone c*cked up the original spreadsheet. I kind of suspected as much…

Other highlights include their response to my point:

"The fact that you are having to carry out works costing the best part of a million pounds rather suggests that the property has been neglected over the years, despite Leaseholders paying significant service and maintenance charges – supposedly for its upkeep."

being:

Service charge provisions are used for maintaining the building on a regular basis and not for major works purposes. The major works carried out on buildings are purely for maintaining the building and not for adding value. However, a well-maintained building may add value.

Whilst I appreciate the almost chiasmic chiastic nature of the first two sentences, I’m not quite sure what their point is, but what’s clear is that they don’t seem to have answered mine.

They also apologised for any "inconvenience" their error had caused. I hope they also wrote to all the other Leaseholders pointing out the error of their ways.

This should make it easier to sell the flat. We did get offer x, where x = a - b (where b = asking price and c = £16,000). So we'll ask the agent to go back to the potential buyer with the revised figures and see what they come up with... I think we'll accept the first "decent" offer which comes along (where "decent" = "decent"...)





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