In February each year, we send you the detailed amount of your service charge, where this is relevant to your individual circumstances. This will be how much we expect it to cost to provide services to shared areas in your building and outside spaces.
Sometimes service charges increase for costs such as cleaning, grounds and lift maintenance, as a result of a rise in the Consumer Price Index (CPI) in the UK.
The Consumer Price Index (CPI) shows how the prices of everyday things people buy, like food, clothes, and transport go up or down over time. It helps track how much the cost of living is changing.