StraPlex | England and Wales | Tool
Fee Split and Reserve Calculator: England and Wales
Split a small building's yearly budget by each owner's share, check the reserve against the legal minimum where England and Wales sets one, and total a simple reserve plan.
Split the yearly budget
| Flat | Proportion in the lease | Share | Per year | Per month |
|---|---|---|---|---|
| Flat 1 | 25.00% | £3,750 | £313 | |
| Flat 2 | 25.00% | £3,750 | £313 | |
| Flat 3 | 25.00% | £3,750 | £313 | |
| Flat 4 | 25.00% | £3,750 | £313 |
Each flat's share of the service charge and any reserve fund is set by its lease. Works costing a flat more than £250 need section 20 consultation first. Enter each owner's figure from the title documents; equal numbers give equal shares.
A simple reserve fund plan
List each shared item you will have to replace, today's cost and the years it has left. The yearly figure is the cost divided by the years, with no allowance for price rises or interest.
Columns: item, cost today (GBP), years left.
The plan needs £4,542 a year. Your budget puts £3,000 a year into the reserve fund.
StraPlex waitlist
Let StraPlex run your block
StraPlex is an app that does the work of running a small block. Its AI writes the notices, minutes and budgets, and the app tracks every deadline in service charge and company law, splits the fees and answers owners' questions. You approve, and it sends. Join the waitlist and get it first.