Under the Landlord and Tenant Act 1985, landlords of leasehold properties must provide tenants with an annual statement of service charge expenditure. That statement must be independently verified by a qualified accountant before it is issued. Failing to comply exposes you to disputes and challenges from leaseholders — and if the accounts aren’t prepared correctly, leaseholders can withhold payment or refer the matter to the First-tier Tribunal.
We prepare and certify service charge accounts for landlords of residential blocks, commercial developments, and mixed-use buildings. We work to ICAEW Technical Release TECH 03/11 and the RICS Code of Practice for service charges in both residential and commercial properties.
Whether you’re a freeholder managing a single block or a property company with multiple sites, we handle the preparation, certification, and reporting — so you can issue compliant statements on time and with confidence.
We provide the independent accountant’s sign-off required by law. Without this, your service charge statements are not legally compliant.
We prepare income and expenditure accounts covering all recoverable costs, reserve fund movements, and any expenditure over the consultation threshold.
We check your lease obligations to ensure the service charge accounting meets the specific requirements of your lease, not just the statutory minimum.
Clear, transparent accounts prepared to professional standards are the best defence against leaseholder disputes. We present the numbers in a way that’s easy to understand and difficult to challenge.
Schedule a free 30-minute consultation to discuss your personal tax compliance.
