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Sinking Fund

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Sweet G | 14:01 Fri 06th Jul 2007 | Property
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I am a leasholder for a flat in a converted house, and dont really have a handle on the sinking fund I contribute to each year as part of my service charge. Please can someone explain what a sinking fund is?

Thanks
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Avatar Image Ethel
This explains it very well:

http://www.luminus.org.uk/page_view.aspx?infoi d=586

18:21 Fri 06th Jul 2007

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Sinking Fund

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