Work out a fair monthly service charge per flat or per square foot from guard, lift, generator and cleaning costs.
Monthly costs
By floor area: , so a 1,200 sq ft flat pays .
List every recurring cost, add a reserve (5 to 15%) for lift repairs, painting and pump replacement, then divide. Per square foot is fairer when flats differ in size. Publish the monthly statement: owners pay more readily when they can see where the money goes.
Doing this every month?
Ovelit Rent keeps tenants, leases, bills, receipts and building accounts in one place, and fills in documents like this from your records. Free for up to 5 units.
Start freeSaved in this browser only, nothing is uploaded. A plain-language starting point, not legal advice.
