I had occasion to do a Transfer of Charge for my property recently – requiring a signed Certificate of Compliance and a Deed of Covenant from the Managing Agent, Warwick Estates, on behalf of the Trust. Two simple letters/documents for which the Rentcharge Deed confirms “a reasonable fee not being less that £15” However, I was charged £140 for the Notice of Transfer and £60 for the Certificate of Compliance! During my tenure as property manager, the Trust set the fees that the managing agent could charge for such ‘ancillary services’.
I have, therefore, asked the Trust to confirm if it has authorised Warwick to charge residents £200 and if so do they consider £200 to be a reasonable fee? The Deed/Certificate do not require to be sworn or certified by a solicitor – only checked against a resident’s account and signed off by a Trust director – so why, I asked, are residents being charge solicitors’ rates!
I have yet to receive a reply