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Water Management (General) Regulation 2018
Current version for 1 July 2020 to date (accessed 11 July 2020 at 21:49)
195 Method of levying service charge on dwelling under company title
(1) For the purposes of this Regulation—(a) a person who, because of the ownership of shares in a company, is entitled to occupy a dwelling in a building containing 2 or more such dwellings is taken to be the owner of the land comprising the dwelling, and(b) the service charge for the dwelling is to be an amount that bears the same proportion to the service charge for the building as the number of shares in the company owned by the person bears to the total number of shares issued by the company.(2) The secretary of such a company must notify the water supply authority of—(a) the names and addresses of all owners of shares in the company and of the number of shares held by each owner, and(b) changes in ownership of any shares in the company.(3) A service charge is not payable by the company to the extent to which it is payable by the owners of shares in the company.