Owning an apartment involves maintaining shared parts of the building. DLD’s official guidance describes the Service Charge Index, which provides approved charges for a particular project and period.
Request annual running costs separately from the purchase price. Apartment size and building features may affect the total; figures from another development cannot automatically be applied to your chosen property.
Build your own ownership budget: service charges, utilities, management and possible repairs. To estimate rental results, use income after costs and allow for vacancies, not just the advertised rent.
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