Water Charges

 For the last few years we have been trialling the use of itemised billing for water charges. As you can imagine, logging individual apartment meter readings then calculating an adjustment for each apartment is a laborious task which ends up with a few apartments in credit and a few apartments with a balancing charge. The building itself is not charged on a metered basis.

Having examined the data from the last few years we have decided that this exercise does not benefit the vast majority of leaseholders.Since taking control of the day to day running of the building from Kingston, the Directors have been looking at streamlining processes and eliminating waste in all kinds of ways. The hours involved in carrying out this bureaucratic exercise are better served in other areas. To put this in perspective, for example, water charges for the whole building are less than £9,000 per year, compared to almost £90,000 for our share of the East Quayside estate charges.As such, for 2018 and going forwards we will be reverting to a simple calculation based on the square footage of apartments as a percentage of the total.

So larger apartments will pay a little more, smaller apartments a little less than average, that average being around £100 per apartment per year. If you do require an specific charge based on your actual usage there will be an administration fee of £50 per apartment for this service.