Service Charge Amounts
Tenants living in or renting space within a block have to pay a service charge to cover maintenance and general building costs. Our block management team can collect any service charge and ground rent as required in accordance with the lease. As a member of RICS Easton Bevins complies with the RICS Code of Practice in the handling and collection of monies and operates designated client accounts.
Our pro-active attitude to collecting any outstanding monies helps limit potential financial difficulties. Should we need to chase a debt, our accounts manager will ensure strict credit control procedures are adhered to and undertake arrears protocol.
Service charge budgets
We have a wealth of experience in creating a service charge budget, which takes into account the terms of the Lease and is based on actual expenses incurred, subject to inflationary increases. The proposed budget is presented to the directors for approval prior to being adopted by members at the Annual General Meeting.
We check contractors' invoices to ensure they match the agreed expenditure limits before approving and raising payment which is normally settled within 7 days of receipt. As part of this service we will also ensure work has been completed in accordance with the quote.
At the end of each financial year our accounts manager will prepare the necessary documents for the building's Final Accounts to be signed off by accredited accountants.
- Service Charge Demands
- Year End Accounts
- Company Accounts Records
- Budgets
- Contractor invoices
- Ground Rent Demands
- Financial Reporting
Want to find out more our service charge accounts services? Call 0117 942 7876, or email info@eastonbevins.co.uk
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