Property service charge audits
In April 2007 the Royal Institution of Chartered Surveyors (RICS) published a ‘Code of Practice’ for its members who are involved in all aspects of service charges for commercial property. It is the result of work by a group of experts from the commercial property industry who have identified Best Practice for property professionals. It provides the property industry with a clear set of recommendations which, if implemented, will benefit all sides.
Our principal service aims to assist property management agencies and property owners to meet their service charge obligations and obtain certification of expenditure, which will provide transparency and accountability required by the regulations. Our clients rely on us to deliver a comprehensive, flexible, value-for-money service backed by a thorough understanding of the commercial property industry.
Our services include:
- external service charge audit
- preparation of statutory accounts for management companies
- reviewing service charge accounts
- statement of rental income and head rent calculations
- VAT advice
- ensuring recoverable and non-recoverable expenses are correctly allocated
We currently undertake service charge audits and related work for over 500 properties varying in size from small commercial sites to large regional shopping centres.
