Canary Riverside Estate, Westferry Circus, London E14
LON/00BG/LSC/2019/0277 · service charges · Camden · decided 21 Dec 2022
The tribunal found the leaseholders were not liable for about £1.5 million of fees paid to Westminster Management Services Limited plus related insurance premium tax, but were liable for broker commission paid to Reich and the financing charges, and rejected the challenges on rebuild value and car park apportionment.
| Outcome | Reduced |
|---|---|
| Section 20C (landlord's costs of the case) | Not clear |
| Section 20 consultation | Not in issue |
| Who applied | Leaseholder(s) |
| Freeholder / landlord | Octagon Overseas Limited |
| Management company | Canary Riverside Estate Management Limited |
| Managing agent | Westminster Management Services Limited |
| Building | An estate, 325 flats · 2 decisions about this building |
| Service charge years in dispute | 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 |
| Items in dispute | insurance, legal and professional fees, reserve fund |
| Items disallowed or reduced | insurance |
| Total demanded | not stated as one figure |
| Total found payable | not stated as one figure |
| Fees or costs ordered | none stated |
Read from the decision automatically: a regular-expression pass, then a language model whose every value must quote the decision word for word. Compare with the original.
What the decision says
- flats n
comprising 325 flats, a hotel, health club and commercial units
- freeholder
Octagon Overseas Limited (“Octagon”) is the freehold owner of the Estate
- management company
Canary Riverside Estate Management Limited (“CREM”) is the leasehold owner of a large part of the Estate
- agent
through their managing agent, Westminster Management Services Limited (“WMS”)
- years
for the service charge years 2010/11 to 2019/20 inclusive
- outcome
The Applicants are not liable to contribute towards payment of the sums of: (a) £1,517,372, being fees paid to Westminster Management Services Limited
- items reduced
The Applicants are not liable to contribute towards payment of the sums of: (a) £1,517,372, being fees paid to Westminster Management Services Limited; and (b) Insurance Premium Tax of £121,338.58 on that sum.
The passages each figure was read from, verbatim. People's names are replaced with [name].
The original
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