LRM Prime LTD’s Post

Service charge budget creation and management across our developments. Setting service charges in line with the landlord’s vision is the most important factor for servicing the scheme and delivering exceptional experiences and environments for the residents. Our approach is tailored to the unique needs and environments of each development, ensuring that our consultancy and services are bespoke and effective. For all of our existing live developments, we have introduced a customer-centric approach to service charge communication, providing transparency through comprehensive service charge packs. This initiative has received widespread appreciation from our clients, resulting in fewer service charge queries and excellent resident feedback. One Crown Place The main cost driver for this mixed-use development is largely allocated to Estate Contributions followed by Private Residential Facilities and Building Staff Costs to ensure that the communal areas are well-managed and serviced. PRINCIPAL TOWER With a combination of residential, retail, and commercial spaces, the largest sum of the service charge is allocated towards Building staff costs followed by utilities and then insurance. This budget supports the seamless operation of the diverse spaces within the development. Thames City As a residential development, consisting of luxury apartments and high-quality amenities, a huge portion of our service charge is allocated to resident amenities in addition to our usual focused costs on Staffing, Security and Utilities for a premium living experience. If you have any further questions, email at lrmprimeenquiries@lrmprime.co.uk. #PrimeDevelopments   #ResidentialManagement  #PropertyServices #BuildingManagemen

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