When taking on the role of Residents’ Management Company (RMC) Director or Officer, many tasks that land at your feet may feel overwhelming.

In July ’19 Lord Best released the final report of the working group set up to recommend on the best way to regulate property managing agents.

Ailsa Burkimsher, Client Services Manager at Haines Watts Service Charge explains how your lease links to your service charge accounts.

A director of an RMC who had recently approached us to act as reporting accountants, asked a question about filing statutory accounts.

Gordon Whelan, Managing Director at Haines Watts Service Charge looks at what to consider when choosing a Service Charge Accountant.

Gordon Whelan, Managing Director of Haines Watts Service Charge looks at what we can expect to see in service charge reporting.

Section 22 of the Landlord and Tenant Act (LTA) 1985 gives lessees the right to inspect “accounts, receipts and other documents”.

Gordon Whelan of Haines Watts Service Charge looks at the recent revised guidance on the application of VAT to residential service charges.

Ailsa Burkimsher of Haines Watts Service Charge looks at Articles of Association of a Company and why they matter.

One of the key requirements for effective property management is pro-active and effective communication with lessees.

Are notes to Service Charges accounts essential or desired? Gordon Whelan from Haines and Watts explains why they are central.

There can be few words in a lease that cause more confusion and angst to lessees and RMC’s than the term “audit”.

Managing Director of Haines Watts Service Charge looks at five examples of disputes settled through the Courts that have rocked the world of service charge accounting.

One of the questions that directors ask is why is it necessary to prepare separate service charge accounts and statutory company accounts?

In a recent article we explained some of the things leaseholders can find out from their Service Charge Accounts.

Our response to the recent government consultation, “Tackling unfair practices in the leasehold market” focused on one fundamental issue.

In this article we list just a few of the things that leaseholders can find out from the Service Charge Accounts.

There are important distinctions between service charge funds and company funds and these differences have implications for RMC directors.

In Service Charge Accounting there are many circumstances when accounts are prepared without a Balancing Statement.

It is not uncommon for directors of RMCs to come under pressure to reduce costs such as the services of a reporting accountant.

If we set aside the Section 21 report then there are two options for reporting on service charge expenditure.

There can be few more pointless, useless and misleading reports in property management than the section 21 report.

The draft 3rd RICS Code included new requirements for all sources of income to be disclosed in a note to the annual service charge accounts.

TECH03/11 is the technical guidance note providing best practice guidance for the preparation of service charge accounts.

You probably know by now that you must hold service charge monies, and any interest accruing, by way of statutory trusts in accounts.

This is a guide to the law and professional best practice in relation to residential service charge accounting.

Here we take a look at some of the existing rights in relation to service charges and what leaseholders can do to challenge them.

In 2010 the Government pulled back from introducing important regulations that would have given greater protection to leaseholders service charge money.

At Haines Watts Service Charge we often receive questions from directors of Residents’ Management Companies regarding their obligations.

Important new guidance on accounting and reporting in relation to residential service charge accounts has just been released.