Residential Service Charge specialists
We look to develop close working relationships with the residential managing agents we work with. This way we fully understand your requirements as residential managing agents, and we can tailor our services to meet your needs. As Association of Residential Managing Agents (ARMA) Partners 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.
Some of the services we can provide for RMA’s include:
Residential Service Charge Accounts preparation
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).
Audit of service charge accounts
Many residential leases contain requirements for audited service charge accounts to be prepared each year. An “audit” requires special considerations and must be carried out in accordance with International Auditing Standard, ISA800. If you require an audit of service charge accounts, contact us. We will prepare our audit or certification report to your accounts in accordance with best practice guidance, TECH03/11 AND THE 3RD RICS Residential Management Code.
Capital Allowances & Capital Gains
Property management is a sector that requires professional technical expertise and our team have many years’ capital allowances & capital gains experience of supporting and advising letting agents & resident management companies.
Residential service charge specialists
All members of the Haines Watts Service Charge Team have recently attended the ARMA course, “Introduction to Residential Property Management”. As a result, all our team are familiar with the legislation and working practices that affect Property Managers. This enables the team to provide a value added service to Residential Managing Agents.
Our residential managing agents’ clients benefit from our long experience in service charge accounting for residential properties. We help them to meet the legal requirements of both their landlord clients and residents in the most efficient and cost-effective way possible.