As a managing agent you will be working with large or small, residential, commercial or mixed units that all require efficient accounting in line with your landlords’ and their tenants’ expectations. It is your responsibility to comply with the requirements of the Landlord and Tenant Act, especially where they relate to the timely submission of accounts and the management of funds held on behalf of residents.
As the Haines Watts Service Charge Team our understanding of leases is key. The lease is the document that dictates the required accounting procedures and it is essential that we comply at all times with its requirements. Our experience of working with many different kinds of leases ensures that you are always compliant and avoids any unexpected delays or unnecessary costs.
As affiliate members of the Association of Residential Managing Agents (ARMA) we are kept up to date with changes in regulations and have the opportunity of keeping in close contact with our clients to make sure we always understand their needs and requirements. We will ensure that your accounts are available for tenants within six months of the year end to comply with both the Landlord and Tenant Act 1985 and the requirements of your membership of ARMA (ARMA-Q).
Our role is much more than accountancy. Our experience allows us to work with you as a business partner to explore ways of working and provide advice on a wide range of subjects – systems, procedures, communication with tenants and landlords, procurement of services, VAT and tax advice, and the management of client ledger balances and sinking funds in line with Section 42 of the Landlord and Tenant Act 1987 – all intended to help you work more efficiently and in line with current best practices. We are familiar with many software programs used by managing agents especially ECS (Qube), Propman and Sage.
For your tenants, we’ll help you provide a fast, smooth, accurate service and use our economies of scale to do so at the lowest possible cost.