Park Charge Explained

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Dear Resident

 

Explanation of the Fixed Queen Elizabeth Estate Charge at Chobham Manor

 

For private owners under the terms of your lease or transfer with Chobham Manor LLP, you are required to pay the Fixed Queen Elizabeth Estate Charge (FQEEC). In addition to this you are required to pay the Queen Elizabeth Administrative Charge which is 5% of the Fixed Queen Elizabeth Estate Charge.

 

The FQEEC, is reviewed annually on 1st April and is increased by the Retail Price Index (RPI) for March.

 

There is a requirement to pay the FQEEC in full on 1st January each year or in accordance with such other payment schedule as the Management Company may specify.  As L&Q acting as the managing agent for the Management Company use the financial year as the basis of its billing, we therefore demand this payment on 1st April.

 

When we demand in April each year this relates to the current calendar year.  So, on 1st April 2023, we are recovering charges for 1st January 2023 to 31st December 2023.  The amount you are paying is based on the preceding RPI uplift, which in the case of the 2023/24 demand was March 2022, which was 9%.

 

All charges under the terms of the lease / transfer are due within 14 days of a demand.

 

If you are a shared owner of L&Q you will continue to pay your charges to L&Q in accordance with your lease.

 

If you have any difficulties in paying your Park Charge, please contact us as soon as you can, and we’ll try our best to help you. You can contact us on 0300 456 9996 (option 2, then option 4) or via email to LHousingServiceTeam@lqgroup.org.uk