PROPERTY SERVICE CHARGE EXPERTISE AT YOUR FINGERTIPS
Our service charge specialists offer property managers a reliable and efficient solution for managing residential or commercial properties.
Expert service charge services for efficient property management
We understand the complexities involved in managing service charges for residential and commercial properties. Our comprehensive service charge services are designed to alleviate the burden on property managers and ensure transparency, compliance with regulations and efficient financial management.
Using our custom built workflow software REX, you can track each stage of the process from initial instruction to final certification which gives you an audit trail of all communications, queries and adjustments on an individual property basis.
What separates our service charge services?
01
Project Management
We have developed REX – A powerful custom built workflow software package designed to deliver live data on the status of all property reviews. Raise queries, exchange information or use it to export information to review KPI’s by region, teams, portfolios or individuals.
02
Financial Reporting
Transparency is paramount in property management. Our detailed financial reports outline income, expenditure, and variances against the budget. Accessible and clear, our reports empower property owners and tenants/residents to comprehend the financial status of the property with ease.
03
Accurate Financial Reporting
Our unwavering commitment to precision ensures that your financial reports are not only error-free but also consistently up to date.
04
Risk Mitigation & Compliance
Identify and manage financial risks effectively thanks to our vigilant monitoring. Stay ahead of potential challenges and ensure compliance with industry standards and regulations.
05
Compliance & Legislative Support
Property management involves complex regulations. We stay updated on legislative changes and provide guidance to keep your property compliant. From service charge consultations to statutory compliance, we offer complete support to protect your and your client’s interests.
Book a meeting
Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.
Meet our Property Service Charge specialists
Carol Chan
PartnerAltrincham
Angela Doe
Service Charge Accounts DirectorAltrincham
Claire Breeze
Service Charge Accounts DirectorAltrinchamWhy choose Xeinadin for service charge services?
We’re a multidisciplinary accountancy comprising more than 135 offices across the UK and Republic of Ireland. Here are some of the reasons you should choose us to take care of your service charge accounts:
- Tailored approach: From financial analysis and reporting to statutory compliance, we meticulously adjust our services to the unique requirements of your property.
- Dedicated to success: We're not just here to provide you with service charge services. We'll do everything we can to give you a competitive edge, delivering insights that help stay on top of changes within the sector.
- Wealth of experience: Our advisors have worked with businesses from a wide range of industries, including many just like yours. We'll combine specialist know-how from your field with insights gleaned in other domains, helping you navigate whatever challenges your business faces.
- Personal touch: We understand you don't just want service charge services – you want trusted advisors. Close relationships form the foundation of our business model, from which we offer you the wider support, innovative technology, and world-class expertise of our national group.
- Trusted experts: More than 60,000 clients trust our expert business advisory and accounting services to streamline their finances and drive growth.
Property service charge FAQs
Service charge accounts are statements that landlords, often via their property managers, prepare for leaseholder/occupiers to detail the income and expenses for the year. They determine the amount of service charge that is payable by each leaseholder.
Service charge accounts are usually, and are recommended to be, prepared annually but the frequency and period is ultimately dependent on the lease.
The most common and the simplest method of apportionment is a floor area calculation. Rateable value calculations are no longer recommended as an appropriate method, but some leases may require it.  Many shopping centres will feature a weighted floor area apportionment which divides areas into bands or zones to reflect certain benefits or discounts based on the position of the unit within the scheme. The lease will usually determine the method of apportionment.Â
Best practice states that commercial property year end accounts should be issued within four months of the service charge year end and for residential within six months.Â
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