Residential Service Charge Accounts Guidance

Participants will gain expert knowledge and practical insight into:

• The distinction between corporate and service charge accounting
• Key elements of corporate accounts, including RMCs, dormant companies, and legal obligations
• The benefits of updating articles of association for RMCs
• Understanding S21 and S22 of the Landlord and Tenant Act 1985 and the associated procedures
• Application of S20B—the 18-month rule—and how to ensure compliance
• Billing requirements and best practice for service charge collection
• The full service charge accounting cycle, from budgeting to year-end processes
• Producing compliant accounts in line with lease terms and Technical Release 03/11
• Reserve fund expenditure management and accounting
• Treatment of service charge surpluses and deficits
• Identifying roles in the chain of responsibility, including account sign-off procedures
• Working with external accountants, including Letters of Representation and reports
• Tax considerations for RMCs and service charge income
• Addressing common problems when presenting accounts to clients and leaseholders

This course is suitable for:

• Senior service charge accounts professionals who require a deeper understanding of lease and legal compliance
• Property managers who contribute to service charge preparation throughout the year
• Finance or operations leaders responsible for shaping accounting strategy within their organisation
• External accountants and auditors involved in certifying or producing service charge accounts

Please note: This forum is not a bookkeeping course and is not suitable for accounts staff or property managers with less than 18 months’ industry experience.

Online: Two half-day sessions (3 hours each over 2 days)

(This course can be run as a 6 hour 'In-Person' course on request. Please email [email protected] for more information)

General Level:
Intermediate

(A beginners level course is available - TC44: An Introduction To Accounting For Service Charge)

TPI Qualification Mapping:

TC11 is one of our ‘core’ training courses, therefore, all the content within the course has been mapped to the relevant TPI qualification. In case of TC11, it is the Level 3 and Level 4 qualifications in leasehold management.

All slides are labelled with their relevant level and an overall guide that maps the training course content to the relevant syllabus unit will be provided.

Note: Qualifications are based on syllabi that have been accredited by our accrediting body ABBE / Ofqual. They are bases for the course content and the assessment.