Websters Accountants - Property Accounting & Property Auditors

Service charges timebomb is now ticking

John Pattrick — Wed, 16 May 2012 10:15:04 +0000

Siobhan O’Dwyer of the Independent.ie notes that owner Managed Companies (OMCs) are increasingly facing a funding timebomb caused by service charge “won’t payers” who are deliberately avoiding their legal obligation, making a mockery of the legal system and causing great hardship for their neighbours. A sortfall of 15pc-25pc each year can, over a number of years, adds up to a solvency crisis, which threatens the OMCs.

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Timely notification of capital costs ensures service charge collection

John Pattrick — Wed, 16 May 2012 09:39:46 +0000

DWF reports that the decision in the case of Jean-Paul v L.B Southwark [2011] the Upper Tribunal (Lands Chamber) is a reminder to landlords to make sure that they continue to comply with the detailed service charge consultation requirements, as non-compliance can result in a drastic reduction in the amount that the landlord can recover from the tenants.

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GVA Service Charge Accounts Control – Holborn Links – Completed

Alberto Callero — Wed, 16 May 2012 07:20:38 +0000

GVA Service Charge Accounts Control – Other

Alberto Callero — Wed, 16 May 2012 07:08:20 +0000

GVA Service Charge Accounts Control – British Land

Alberto Callero — Wed, 16 May 2012 07:04:35 +0000

DTZ Service Charge Control

Andrew — Mon, 14 May 2012 10:13:59 +0000

DTZ Service Charge Accounts Control

Andrew — Mon, 14 May 2012 08:57:30 +0000

80% believe property prices won’t fall in the year ahead

John Pattrick — Sat, 12 May 2012 09:40:48 +0000

This Is Money reports that confidence appears to be returning to the property market with an increasing number of home movers expecting house prices to be higher in 12 months’ time, according to findings in a survey. Eight of ten of those surveyed believed house prices would either be higher or at the same level a year from now.

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MLM December 2011 Service Charge Accounts Control

Sian — Thu, 03 May 2012 13:36:43 +0000

DTZ Service Charge Accounts Control

Andrew — Tue, 01 May 2012 12:13:56 +0000