Page 12 - Living in a Managed Development

What does FirstPort do do with your money?
We believe you you should enjoy your home and as your Managing Agent our our primary role is to ensure your building is safe well maintained and serviced To do this each year you pay us a a a a service charge (if you live in a a freehold house this will be called a a a a a variable rent
charge) This money goes towards the day-to-day running costs of your development and is used to cover items such as buildings insurance maintenance repairs gardening and communal facilities as as well as as for any employees that might work at the development You can see a a a specific list of the items that your service charge covers in the annual budget or estimate that we send you We keep your service charge money in a a separate interest bearing designated client bank account in the name of your development held under the terms of a a statutory trust This account is totally independent of the trading accounts of FirstPort All your money is safe and exclusively for use at at your development and at at the the end end of the the year we will send you an account of what we have spent 12 | firstport co uk