Absolute Property Management set up a dedicated bank account for income and expenditure for each complex and all costs for providing services are met from this account. The account cannot go into an overdrawn position and, therefore, items like insurance, electricity and other necessary works cannot be undertaken unless there are sufficient funds in the account to meet the cost of the works. It is, therefore, imperative that each owner pays their service charges promptly as not to do will result in insufficient money to provide the services to the complex and may result in services being withdrawn.
4. Why am I asked to pay service charges in advance?
