Most modern commercial leases contain provisions for the landlord to have the service charge accounts audited by an independent expert. In fact, in some leases this is an obligation.
Whether it is optional or obligatory, independent service charge certification creates a win/win situation for the tenant, the landlord and the managing agents.
Once service charge accounts have been properly checked and certified by an independent property specialist, the tenant can be confident that the service charge is being managed in accordance with the lease and this gives all parties peace of mind, minimises queries and complaints and maintains accounting efficiency.
Our service charge specialists prepare full reports in accordance with the RICS Code of Practice. If any invoices are missing we will request copies on your behalf. We ensure that all invoices for regular services are accounted for and that all apportionments are correct and calculated in accordance with the lease. A detailed summary of all income and expenditure is produced explaining any shortfalls due to any voids and/or service charge caps and VAT is reconciled where appropriate.
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