Cap service charge on retirement village properties during resale period.

While service charges due are recognised as being tied to the deceased’s estate, and not the individual beneficiaries or executors, capping the service charges due over a period (e.g. 6-months, at a value equivalent to when the property was first acquired) would not only encourage the management companies to promote a sale, but also encourage prospective purchasers with the knowledge of a known maximum financial commitment due from the estate (also assisting the probate process).