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New Fees: Financial Year 06/07 - 05 / 08
Posted: Mon Aug 20, 2007 9:38 am
Hi all - we have recd invoice and I have a few queries for Adrian who is on leave 2day anyone else have any thoughts ??????
Posted: Mon Aug 20, 2007 10:02 am
Hi All, we received our invoice on Friday and think the increase is absolutely ridiculous. Ours is €800 for a three bed house. The letter from KPM states that the increase is due to the fact that second phases are not completed yet and that next year the fees will be much lower. There will be another excuse next year as to why the fees have not decreased. Should it not be up to the builder to pay fees in relation to incomplete units.
Posted: Mon Aug 20, 2007 10:18 am
Ours is around €1079 for a 3 bed townhouse type K. This is apparently considered a duplex which I'm arguing.
Can you post where you live in ? Appt, townhouse, house ?
Posted: Mon Aug 20, 2007 10:21 am
3 bed t/house St Sam crt =
This year :770 (approx)
Last year :581
Are we entitled to view the full accounts of the man company?
Posted: Mon Aug 20, 2007 11:12 am
Hi JuJu I am in the same boat as you 3 bed House the Sq. I also do not understand the part about Castlemoyne, they are saying that because the units are not complete our charges are higher, I guess thats mean they have included services for non existence houses in the budget???? They only way I can figure this out! We should we have to pay for this it is also ' out of our control'!!!!!!. In addition to this I beleive they have calculated our credit incorrectly! AND I note their fees are €45kpa!!!Does anyone know if the res comm have had a meeting about this budget??
Posted: Mon Aug 20, 2007 1:12 pm
I've just gone through the website and came across the figures from last year, i've tried to put in the comparison based on figures given
2006 ( 2007 )
Castlemoyne Houses - 288.00
3 bed t/house st sam court - 581.00
3 bed t/house st sam sq - 581.00 ( 770)
2 bed apartments 1200.00
3 bed apartments 1370.00
2 bed duplex 846.00
3 bed duplex 905.00 ( 1052 )
4 bed duplex 962.00
J type 905.00 ( 1052)
Also i noted that there was no breakdown of the percentage we are each paying towards the running of the estate as the apts etc have an extra budget that the houses are duplexs should not be included in and finally they didn't include a copy of last years accounts and expenditure so we can see what they spent the money on last year. I've emailed Adrian for a copy of same so we'll see what comes back.
his reply is automatic
I will be out of the office this from 12 noon (17/08/07) returning Tuesday at 9AM. Should you have any very urgent matters you can contact KPM directly on 01-8442400 or the 24 hour emergency number 0863882467
Posted: Tue Aug 21, 2007 10:29 pm
This is the reply that I got from Adrian,
I have the two spreadsheets separate, if you want me to forward them, just pm me.
Please find attached the two spreadsheet's with regards to the service charges. We had a meeting a number of months ago and are scheduled to meet again over the next number of weeks (I will forward the date)
With regards to the service charges the percentage breakdown in the lease is different this year due to the number of houses in Castlemoyne not completed. This is unfortunate and something I don't like doing, however it is in the best interest of the development. If any homeowners do come back and state that the percentage is agreed in the lease, point J (iii) states "that the developer or Mgt Company from time to time may adjust on the basis on which the service charges is calculated in the interests of good estate management"
If you have any questions, please do not hesitate to contact me and sorry once again that your name was not on my list.
Posted: Wed Aug 22, 2007 8:35 am
I must be stupid... I really dont understand how unoccupied houses in CastleMoyne are costing us money???? I have now left 2 VMs a message and email for Adrian.
Posted: Wed Aug 22, 2007 2:30 pm
I don't want to beat up on the messenger, but the whole thing sounds very suspect to me at the moment.
There's a bunch of houses that have been sold in one phase, and KPM as agents are responsible to manage them. There's a whole load of houses in phase 2 which presumably Shannon Homes are having difficultly selling, but in the meantime they want us to subsidize the cost of caring for the grounds, while they sell them. Hell, there's a security guard on the road so I can't even go for a walk to see them so why should I help pay for the maintenance
I know there's claims that next years should thus be reduced when the houses are sold and they get management fees in from the new occupiers, but I don't see why we should have to stump up the money coz' the builders are finding it hard to sell their houses. Surely Shannon homes should be paying that part of the budget since the houses are after all, theirs!
Posted: Thu Aug 23, 2007 8:40 am
Spoke to Adrian Muldoon yesterday and the best I can figure out is as follows.
Last Year the budget was X and this was split between say 400 units including St Samsons Sq. Court, Castlemoyne 1 and 2. Residents paid up accordingly but there was a shortfall as the budget was divided up to include all units those occupied, unoccupied and unbuilt properties (is too many units) seemingly Shannon HOmes was to cover the short fall. The budget was to cover the maintenence all properties in existence and then divided into a hypothecial number that was too large!
This year 2 things have happened 1) a number of outgoings have increased in the budget notabley ESB and a sinking fund has been added thus overall budget has increased and 2) the number of units the budget is divided between is now a realistic number and has thus reduced. Overall the result is a fee increase!
I think the letter from KPM was really unclear when in essence what they should have said was Costs have increased overall and the number of units paying fees has decreased thus Fees are on the up and PS there is nothing you can do about it!
Furthermore, and I mentioned this to Adrian, I think it dangerous to suggest that fees will reduce next year because as you point out Adrian S. there are no costs to cover on Castlemoyne Phase 2 at the moment as it is a building site! the fact that there will be increase costs here when the estate is up and running and the fact that inflation will surely mean further annual increses in ESB etc. etc. is would be optimistic to uneven think that fees will remain constant. The only random point here is that Adrian did mention the possibility of Shannon home handing the estate over to the council???? (I think Castlemoyne 1 already uses council bin services???)
Finally Adrian did suggest that this years budget was agreed by the res comm - is this the case? and if so can anyone on the committee clarify what was agreed at that time.
I am sorry if I have made a muddy situation even more confusing ....
Posted: Thu Aug 23, 2007 9:13 am
Fair play, you've actually brought more clarity! Just on the ESB bill, last years amount was 10k, this years amount is 17k... i don't think inflation was 70%!
Perhaps we could do something to cut back the estate costs, for example, we don't need every light in the common area on past midnight, perhaps 1 in every 4? If circuit-wise this is not possible, we could set up lower cost lighting for use post midnight?
All of this would have to be investigated, but you get the idea!
Posted: Tue Oct 23, 2007 7:40 pm
Just wondering did anyone pay the management fee's yet or are they holding off. My first invoice was for €1100.79 and the reviewed invoice was €1,005.79 - this is for the 3 bed duplex in St Samsons Court
Posted: Tue Oct 23, 2007 11:40 pm
Paid and received the full break down after the review if anyone would like it, drop me a pm