GMV - Appeal to immediately suspend collection of reserve funds
GMV Management Company Ltd
Sub: Appeal to immediately suspend collection of reserve funds from
As you are aware, we are going through unprecedented times with the current
Pandemic in UK and rest of the world. As more restrictions are placed on us each
day, leaseholders of GMV are facing uncharted pressures on finances. Sadly, some
of us have lost jobs or in the process. For most others, income levels have dropped
significantly. With no or reduced income for unknown period of time coupled with
regular unavoidable expenses, we do not know how long we will be able to sustain
Governments and Banks have taken lots of initiative to help people at this time. We
believe GMV management should immediately look into this and support the
Given the uncertainty we the leaseholders are facing with current situation, we ask
the management of GMV to immediately suspend collection of reserve funds as we believe a healthy reserve fund has been achieved from previous collections. It is understandable that funds for maintenance of Village are
still required. We request the management to keep the service charge to as low as
reasonably possible by engaging only in essential work.
Your immediate response is highly appreciated.