Are you a Landlord, Tenant management company, or Managing agent?

Do you own a property containing 5 or more residential units?

Under the Landlord and Tenant  Act 1985 if you fit these criteria, it is compulsory that you prepare service charge accounts for that property.

The form and content of these accounts is laid down within the act, however with impending regulations on the formation of service charge accounts, an even greater strain is being placed on Landlords and Managing agents.

In appointing an accountant that pressure is taken off your hands as they are able to provide assistance in meeting the service charge obligations and obtain certification.

As chartered accountants, Plummer Parsons has their very own specialist service charge team, offering numerous services such as:-  

• External service charge certification and audit;
• Reviewing service charge accounts for compliance with S.21 LTA 1985 & RICS Management code;
• Ensuring recoverable and non recoverable expenses are correctly allocated within the terms of the lease;
• Providing handover reconciliations on change of managing agents;
• Attending AGMs and meetings with landlords and managing agents;
• Annual Compliance Reports for RICS and ARMA for managing agents;
• Preparation of statutory accounts for residents' management companies. 

So are you in need of guidance and assistance? With compliance sometimes quite overwhelming we are happy to assist you in any area that you may require.  Please contact Chris Gorringe, Partner in our Hailsham office, on 01323 846622 or email chris.gorringe@plummer-parsons.co.uk 

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