Service charge accounts

When a property is divided into individually owned and inhabited units, service charge accounts are necessary. This is because the building will have to pay shared expenses, and an account of exactly how much is being charged ensures the process remains transparent to all occupants.

Accounting for service charges and service charge accounts in the property industry is a specialist area that requires expertise and an understanding of the sector. At Cornfield Accountants, we prepare service charge accounts for over 100 separate blocks of leasehold accounts and therefore have extensive experience in this field, well placed to assist you in the need for preparing and issuing your service charge accounts.

If you are a managing agent or a lessee, please get in touch to see how we can help.