Service Charge Audits and Recoverable Expenses

Our understanding

In most leases, there is a requirement for the landlord to provide an annual statement of service charge expenditure to occupiers after a service charge period. It is common for the annual statement to be certified by the landlord’s surveyor, managing agent, and accountant. Your lease might also require the statement to be audited.

In some cases, there is no express requirement in the lease to prepare an annual statement of service charge expenditure. However, it is considered good practice. If you’re a landlord, this service will offer transparency to your occupiers. At Wisteria, we can help you prepare and certify a service charge statement.

Here at Wisteria, we offer a comprehensive, flexible, value-for-money service. Our service is backed by a thorough understanding of the commercial and residential property industry. Find out how we can help you today.

How we can help

Our service charge team has over 50 years combined experience. They undertake service charge audits and related work for over 150 properties, ranging from small residential and commercial sites to large regional shopping centres.

We design our procedures to recognise the risks of misstatement and to ensure that these do not produce delays. We will test 100% of your transactions and run them through our analytical review procedures. This way, you can be assured that your annual statements will be free from material misstatement.

Our services include:

• Preparation and certifying the annual statement of service charge expenditure
• Ensuring recoverable expenses and non-recoverable expenses are correctly allocated
• Preparation of statutory accounts for management companies
• VAT and other tax advice
• Registered auditors

At Wisteria, we work closely with managing agents and leaseholders alike, delivering an efficient, timely, and cost-effective service. If you would like to learn more about service charge audit services, please don’t hesitate to get in touch.