Updated October 2026 · Fraser Bond
Building · Service charges
How the maintenance budget works
Budgetset annually
Reservefund
Accountsyear-end
Major worksconsultation
In short: At a managed development like St George Wharf, maintenance and service charges follow a yearly cycle: an estimated budget is set, owners pay on account, and year-end accounts reconcile actual costs with any balancing charge or credit. A reserve fund saves for major works, and owners must be consulted before large projects above set thresholds. Check each year's budget and accounts carefully. For what charges cover and how to challenge them, see our service charge guide.
How it works
1
Budget issuedEstimated costs for the year.
2
Payments on accountUsually half-yearly or quarterly.
3
Year-end accountsActual costs reconciled.
4
Balancing charge or creditAdjusts your account.
5
Major worksConsultation before large projects.
Frequently asked questions
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Nearby buildings
Arena Tower, E14Citi Tower, E14Calders Wharf, E14Crossrail Place, E14
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Handy tools
Stamp duty calculatorRental yield calculatorMove-in costsBTL deposit calculatorRefurb cost per m²
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When are accounts produced?
After the year end, as set out in the lease.
Can I see invoices?
Leaseholders have rights to inspect supporting documents.
Can Fraser Bond manage my flat?
Yes.
Own a flat at St George Wharf?
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