Budgeting and Financial Management
Using intuitive Block Management software to expertly manage budgets and service charge finances day to day.
Service charges may only be enforced when demanded in accordance with terms of a lease (or Transfer Document or Deed) and relevant legistation.
Many leases, especially modern ones, prescribe service charges to be paid in line with a financial period, and as such annual service charge budgets are prepared containing all anticipated expenditures and Reserve Funds recoverable, as per the terms of the Lease/Transfer Deed.
Our team carefully review leases and deeds before constructing budgets, ensuring they are prepared strictly in accordance with the same.
PROVIDING TRANSPARENCY IN THE FIGURES
Using our Block Management specific software we have many robust reporting functions available to our clients including:
Itemised Expenditure Breakdown
Income vs Expenditure
GOOD TO KNOW
Client and Service Charge funds are held in completely ring fenced, dedicated client bank accounts.
We strive to provide financial transparency so all parties know where service charges are being spent.
Using our Online Block Portal, Myblockman, we give users 24/7 access to:
Personal Service Charge and Ground Rent statements.
Service Charge & Ground Rent Financial History.
Downloadable block documents, such as the annual budget.