Audited Common Expenses and Benefit-Based Expense Allocation in Property Maintenance Charges

This comprehensive analysis examines the legal interpretation of "audited common expenses" within the context of property maintenance charges, with particular reference to the Jolly Harbour covenant provision. Drawing upon Antiguan statutory modifications, British common law, and industry standards, the analysis establishes a dual requirement: first, a rigorous financial audit ensuring accuracy and compliance; and second, a detailed benefit verification process. Importantly, because the services provided must be "to and for the benefit of [the] parcel," only those common expenses that directly benefit that specific parcel should be allocated as its maintenance charge. This dual approach safeguards property owners against arbitrary charges while ensuring fairness and transparency.