LL2 Budget Explained

The LL2 Budget is set according to the anticipated expenses to be incurred in the day-to-day upkeep of the development. This includes a provision for insurance, ground maintenance, admin and legal costs, such as annual company filings and a reserve for any unforeseen expenses.

It does not cover anything which is not considered a core-cost, where suggested investments outside of this scope are proposed and voted on by the Annual Meeting.

2020 Budget

The 2020 Budget represents a significant reduction in service fees for all shareholders on previous years. This has been achieved through more competitive insurance costs.

This annual service fee is divided according to the calculated fee ratios between properties.

£2,548.75

£395.75 - Insurance
£632.50 - Groundworks, Paving & Drainage
£760 - Cleaning & Gardening
£507 - Admin & Legal
£253.50 - Reserve Fund
Leather Lane Two (Canterbury) Limited.
Company number: 06930663
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Starling Bank

Account Name: Leather Lane Two Ltd.
Account Number: 42661372
Sort Code: 60-83-71

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