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War wi ckEs t at es Pr oper t yManagement L t d

Hor i zon@Pr os pect Pl ace Management I nf or mat i onPack


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T HEMANAGEMENT War wi ck Es t at es Pr oper t y ManagementL t d has been appoi nt ed as t he managi ng agentf orHor i zon @ Pr os pectPl ace by t he devel oper ,Bel l way HomesL i mi t ed.We ar et her ef or er es pons i bl ef ort he admi ni s t r at i on oft he ManagementCompany–Pr os pectPl aceManagement( Car di f f )L i mi t ed-and ens ur i ng t hatt he pr i vat e communalar easoft he devel opmentr ecei ve t he neces s ar ymai nt enance. I nr et ur nf orpr ovi di ngs uchas er vi ceWar wi ckEs t at eswi l l char geaf eet ot he Management Company.Wecal cul at eourmanagement f eeonaf i xedbas i s , asr ecommendedbyt heRoyal I ns t i t ut i onof Char t er edSur veyor s( RI CS) Ser vi ce Char geRes i dent i al Management Code. T hi sens ur est hat pr oper t yowner swi l l al ways be compl et el y awar e oft he f ee War wi ck Es t at es ar et aki ng i n managi ngt hedevel opment .Pr oper t yowner scanal s obeconf i dentt hatwe wi l ldoourut mos tt okeept hes er vi cechar geaf f or dabl e–asourf eei si nno wayl i nkedt ot heval ueoft heot hers er vi cescover edbyt hes er vi cechar ge. War wi ckEs t at eswi l lbepr ovi di ng t hef ol l owi ng managements er vi cest ot he devel opment i nr et ur nf ort hei rf ee; Adedi cat ed,f ul l yqual i f i edPr oper t yManager Ons i t eof f i ce Handsonmanagement oft heconci er ge,car et aker sandcont r act mai nt enances t af f Bes t pr i cedcont r act sduet opur chas i ngpoweri nCar di f f Regul armeet i ngwi t hpr oper t yowner sf r om dayone 24hour ,7daysaweekemer gencyphonel i ne Onl i nepayment andr epor t i ngs ys t em Management ofal l ot hers er vi cespr ovi dedvi at hes er vi cechar ge

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T HESERVI CECHARGE Al lpr oper t i esatPr os pectPl acewi l lbel i abl et opayas er vi cechar get o t heManagementCompany.Asagent sf ort heManagementCompany, War wi ck Es t at eswi l lhel ps ett he s er vi ce char ge budget ,i nvoi ce t he char ges ,col l ect t hem andal l ocat et hef undst ocer t ai ns er vi ces . When you pur chas e your pr oper t y you wi l lpay a bal ance on compl et i ont hat cover st hes er vi cesupunt i l t heendof t hecur r ent hal f year per i od.F r om t hen on you wi l lr ecei ve an i nvoi ce cover i ng 6 mont hs s er vi cechar gef orpayment on1 s t J une&1 s t Decemberever yyear . Al ong wi t ht he i nvoi cesyouwi l lbe pr ovi ded wi t ha s er vi ce char ge budget , whi ch wi l lhave been agr eed wi t ht he Di r ect or soft he Management Company. T hebudget wi l l s how abr eakdownof t hes er vi cechar geyou wi l lbe payi ng and exact l y how much t he ManagementCompany expectt o be s pendi ng on cer t ai ns er vi cesovert he s er vi ce char ge per i od. T het abl eont henextpagedemons t r at est hes ummar yoft hebudgetf or bot h Hor i zon and t he es t at e atPr os pectPl ace.T he Pr oper t i eswi t hi n Hor i zonar er es pons i bl ef orcover i ngt hecos t oft hechar gesal l ocat edt o t heHor i zonSchedul es . T het ot al cos t i sal l ocat edbet weent hepr oper t i es dependant ont hef l oors pace. T her ef or et hel ar gerapar t ment swi l l paya hi gherpr opor t i onofs er vi cechar ge. T heEs t at es chedul ei ss pl i t bet weenal l uni t sat Pr os pect Pl aceonanequal bas i s ,r egar dl es s ofs i ze orl ocat i on.T he maj or i t y ofcos t s on t he devel opmentar eal l ocat ed t ot hees t at es chedul east heyar eenj oyed byal l uni t sont hedevel opment equal l y. Shoul dyouhaveanyquer i esr egar di ngt hes er vi cechar gebudget ,t he s er vi ce pr ovi ded,t he al l ocat i on ofs er vi ce char ge ori fyou wi s ht o conf i r mt hepr opos eds er vi cechar gef orapar t i cul arapar t ment ,pl eas e donot hes i t at et ocont act War wi ckEs t at es .

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T HESERVI CECHARGE

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T HESERVI CES g

AManagementCompany( Pr os pectPl aceManagement( Car di f f )L i mi t ed)i sa vehi cl et o ens ur e pr i vat e communalar eason a r es i dent i aldevel opment r ecei vemai nt enance. Not t obeconf us edwi t ht heManagi ngAgent ( War wi ck Es t at es )t he ManagementCompany wi l lact ual l y cons i s toft he owner sof pr oper t i es atPr os pectPl ace.T he r el at i ons hi p bet ween pr oper t y owner , Managi ng Agent ,ManagementCompany and F r eehol der( Devel oper )can beconf us i ng. T ohel pcl ar i f yt hes er el at i ons hi pswehavepr oducedt hebel ow di agr am.

Bel l way Homes Payment Pur chas ePr i ce Cont r act L eas e

Pr oper t y Owner s

Pr os pect Pl ace Payment Ser vi ceChar ge Cont r act L eas e

Payment Management F ee Cont r act Management Agr eement

War wi ck Es t at es

Bel l way Homess el lt he pr oper t i esand ar e al s ot he f i r s tDi r ect or soft he ManagementCompany.T he pr oper t y ownerwi l lpay t he Management Companya s er vi cechar geaspert het er msoft hel eas e.T heManagement Companyhi r esanagent–War wi ckEs t at es-andpayst hem amanagement f ee bas ed on an agr eed s er vi ce l evelwhi ch wi l lbe document ed i nt he ManagementAgr eement .Event hought hepr oper t yowner spayt hes er vi ce char ge t ot he ManagementCompany,t hey wi l lbe deal i ng wi t h War wi ck Es t at esonadayt odaybas i s . Ever ypr oper t yownerat Pr os pect Pacewi l l beamemberoft heManagement Companyandeacht i meapr oper t yi ss ol dt henew owner swi l lr epl acet he s el l erasamemberoft heManagement Company.Whenal l t hepr oper t i eson t hedevel opmentar es ol dbyBel l wayHomesandal ll egali s s uest i edup,t he member soft heManagementCompanycanappoi ntdi r ect or sf r om amongs t t hems el ves .

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T HEMANAGEMENTCOMPANY T hei ni t i aldi r ect or soft heManagementCompanywi l lbeempl oyeesof Bel l way Homes ;t hes e di r ect or swi l lr emai ni n pl ace f orasl ong as neces s ar yunt i l s ucht i mewhendi r ect or sf r om amongs tt hemember scan beappoi nt ed. Member swi l l r ecei veani nvi t et oagener al meet i ngoft he company s peci f i cal l yf ort hi s pur pos e.Gener al l y any membercan become a di r ect or ,t hos e appoi nt ed t ot he boar d wi l lhave compl et e cont r oloft he s er vi ce char ge,how i ti ss pent ,whatcont r act or st o us e, what agent ( i fany)t oappoi nt et c. War wi ckEs t at esunder s t andt hati tcanbedaunt i ngf orpr oper t yowner s t ot ake cont r oloft hei rdevel opmentby becomi ng Di r ect or s oft he ManagementCompany.T o ens ur ea s eaml es st r ans i t i onwe wi l lwor k wi t ht he member s ever ys t ep oft he way.I nt he ear l ys t ages ofa devel opmentwe wi l lpr ovi de pr oper t y owner s wi t ht he neces s ar y advi ce, gui danceands uppor t t oget t ogr i pswi t ht hes er vi cechar geand how t heyf i ti nt ot hemanagements t r uct ur e.Ourwebs i t econt ai nsvar i ous ar t i cl esonpr oper t ymanagementt hatweencour agepr oper t yowner s t or eadt hr ough. Wewi l l al s ohol dmeet i ngsat r egul ari nt er val swi t hal l pr oper t yowner st o hel pr es ol ve any quer i est hey may have,butal s ot o es t abl i s ha s mal l wor ki ng par t y ofowner s who wi l ll i kel y become t he Management Company Di r ect or s .We wi l lwor k wi t ht hes e peopl e ver y cl os el yt o ens ur et hat t heyf ul l yunder s t andhow t hedevel opment i smanaged, how t he s er vi ce char ge i ss et up and under s t and t he neces s ar yl egi s l at i on. War wi ckEs t at eswi l lcont i nuet owor kasmanagi ng agent sf orPr os pect Pl acewhennew Di r ect or sar eappoi nt ed,al t hought hi swi l l beonbehal f oft henew Di r ect or sasoppos edt oBel l wayHomes .

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Phone:08449919968 Web:www. war wi ckes t at es . net Emai l :i nf o@war wi ckes t at es . net Regi s t er edOf f i ce:Uni t 9As t r aCent r e,Edi nbur ghWay,Har l ow Es s ex,CM202BN.CompanyNumber06230550

Horizon @ Prospect Place Management Information Pack  

Information on the management and service charge for the Horizon block at Prospect Place in Cardiff Bay

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