I live in a flat in a block of 4 (converted Victorian house), in which each flat as an equal share of the freehold. It's set up as a limited company, and I am the company secretary. One of the owners is selling up and I have just received their buyer's questionnaire, which seems quite daunting. It says I am allowed to charge a fee - how much is reasonable? It'll take me a few hours to fill in as I'll have to go through the lease, communal costs etc.
I am paying one of my neighbours in a Right to Manage block £250. It's not just the initial material, which is significant, but dealing with queries from the purchasers solicitor. The latter seems to think her job is to discover new and usual questions to ask, setting us all on a bit of a treasure hunt.
My neighbour is handling everything promptly, efficiently and patiently, so I don't begrudge her a penny. I am very mindful of the fact that she has probably given up a good chunk of a couple of weekends. But the it is an investment property and I am only too aware how much everyone else in the process is charging. Most of whom are less efficient.
Thanks everyone - yes it is the LPE1 form. I'm thinking about charging £100, and, in answer to OneEpisode yes, I do think the money should go to me as Co.Secretary, as I am the one giving up several hours of my time to fill it in! I really don't see why the other 3 flats (including the one selling) should get £25 each for work I have done. It's involving quite a bit of research, digging out old documents, calculations and photocopying, so it's not 'daylight robbery'.