• 020 8223 9820
  • management@montalt.co.uk

FINANCIAL MANAGEMENT recognising clients’ financial responsibilities

As we recognise our clients’ financial responsibilities, we undertake the following financial services on their behalf:

  • Preparing annual service charge estimates and issuing service charge demands, at all times as determined by the lease.
  • Collecting service charge payments and taking any necessary credit control action.
  • Monitoring service charge income and expenditure progress at regular intervals throughout the financial year.
  • Preparing year-end service charge expenditure reports for leaseholders’ information.
  • Administering the development’s bank account to record all service charge receipts and payments to contractors and suppliers.
  • Providing Accountants with the financial information required for the preparation of the annual Income & Expenditure Account.