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Lodge 77, Isis Lakes, Spine Road East, South Cerney, Glos, GL7 5TL

CHI/23UC/LSC/2021/0007 · service charges · Cotswold · decided 3 Dec 2021

The tribunal found the leaseholders must bear only a 1/100th share of leisure facility costs on the Isis site, and that management charges were too high, so a management fee of 13% of service costs (excluding management) is reasonable; a section 20C order was made.

OutcomeReduced
Section 20C (landlord's costs of the case)Order made
Section 20 consultationNot in issue
Who appliedLeaseholder(s)
Freeholder / landlordPGIM Real Estate UK Ground Lease Fund (PUK GLF Nominee A Ltd & PUK GLF Nominee B
Management companynone named
Managing agentMainstay Residential Ltd
BuildingOne flat, 100 flats
Service charge years in dispute2019
Items in disputeadministration charges, cleaning and grounds, management fees, other, utilities
Items disallowed or reducedmanagement fees
Total demandednot stated as one figure
Total found payablenot stated as one figure
Fees or costs orderednone stated

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What the decision says

flats n
The Property is one of 100 holiday lodges at a development known as Isis Lakes
freeholder
The Respondent to the Lease is PGIM Real Estate UK Ground Lease Fund (PUK GLF Nominee A Ltd & PUK GLF Nominee B Ltd), consisting of two companies registered in Jersey.
agent
The Estate is managed as a single entity by Mainstay Residential Ltd (“Mainstay”), on behalf of the freehold or head leasehold owners.
years
the four accounting years for which accounts have been supplied
outcome
the Tribunal determines that a reasonable total sum for an overall management fee for the Landlord’s Property is 13% of the total costs of services provided, excluding management, in any accounting year.
items reduced
Considered as a whole, the management charges are too high.
s20c
In respect of the application under section 20C of the Landlord and Tenant Act 1985, the Tribunal makes an order under that section.

The passages each figure was read from, verbatim. People's names are replaced with [name].

The original

This decision replaces an earlier one for the same case: 8 Jul 2021.

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