It’s important to know how your rent is being spent.
Management expenses: £0.30
This includes staffing costs, costs of managing and maintaining business premises and equipment, and business administration costs.
Provision for future component replacement: £0.20
Funds for supporting new property development and planned maintenance for existing properties including new windows, doors, bathrooms and kitchens.
This includes routine, urgent and emergency repairs.
Amount available to meet future costs: £0.16
Interest on loans: £0.15
This includes services provided to communal areas such as landscaping, lighting and cleaning services.