Please see PDFs of each lease type at the bottom of this page.
There are 2 different types of Leases that are relevant to those living on Kilburn vale. Camden call these Lease Type A and Lease Type B.
If you have a Lease type A, Camden are limited to only being able to charge you a maximum of 10% for Management Cost of all other items included in the Service Charge.
If your Lease is a Type B it allows Camden to “… charge a Management Cost which fairly represents the leaseholder’s proportion of what it actually costs Camden to manage and administer all of its leasehold properties”.
The Mandatory Ground Rent is payable each year. This is usually a FIXED FEE of £10.00 per annum and is included in the Service Charges.