Rents & Service Charges

RENTS – Are you sure your rents are correct? Do they comply with current regulations and standards?

With over 30 years of housing rent accounting experience for all types of tenure, including Specialist Supported and extra care schemes, we can help you. Soon the Regulator of Social Housing will publish the new Rents Standard.  Are you ready, is your data up to date and have you reviewed your stock to take account of the changes in the Welfare Reform and Work Act.

Does your stock list match your rent roll and the data you report within NROSH – Statistical Data Return. If not we can help review your rent setting and suggest solutions to put you back on track and have that golden thread across all areas of your business.

SERVICE CHARGES
Are you a Local Authority still using Fixed charges, where budgets have more pressure put on them each year.
We can help you move from Fixed Charges to Variable Service Charges. Review your current charges and ensure that your administrative structures and processes are effective and efficient.
Are you sure that you recover all costs within your charges? Again we can help generate more income for you. You could be under recovering hundreds of thousands of pounds!

PRODUCING ESTIMATES & ACTUALS
Each year if you struggle to set your service charge budgets because the information you need is not easily available and then have to face a similar situation to produce your annual accounts, then we can help.
By looking at your systems, processes and contracts, we can introduce the “Golden Thread” across your business, so administering service charges for tenants, leaseholders, shared owners and commercial units becomes seamless.

SINKING FUNDS
The operation of Sinking / Reserve Funds can be a major drain on resources. Leaseholders may wish for all expenditure items to be taken from a fund that is already less than required to meet future works.
We can help by making sure you have the correct property data, contribution calculations and records available to make sound business decisions when the time comes to replacing those expensive items.
Help and guidance is also available on the requirements of Section 20 Consultations with tenants & leaseholders.