The management charges are decided at the beginning of each year based on previous years’ expenditure experience and the budget for the following year. This function is carried out by Absolute Property Management who prepare the estimates in accordance with the lease and in agreement with the Directors. The lease which you signed at the purchase of your property will clearly set out what you must do and what your responsibilities are in relation to owning a property in the complex. At the Annual General Meeting (AGM) of the complex, the audited accounts and the budget for the year are presented and each owner can at that stage have input into costs and control of costs. These estimates will previously have been approved by the Directors. The amount of money that owners are asked to pay is based on the estimates for the year divided among each owner in accordance with the terms of the lease.