Our main service charge and financial planning services include: • Service charge budgets • Capex forecasts and collection strategies • Estate management procurement budgets • Service charge void and developer contribution budgets • Heat network set-up and operating budgets
Service charge and financial planning services
Our wide-ranging service charge and financial planning services have enabled many of our clients’ developments to be a commercial success from the outset. We have a strong track record in phased and complex budgeting with expertise in all types of residential and mixed-use development. We take a commercial approach to initial phase costs and can undertake Capex (reserve fund) planning and collection strategies including heat network set-up and operating budgets. We can work, as required, with our sister company SRVO who offer a wide range of surveying services. At Rendall & Rittner we have considerable experience in modelling, setting and reviewing service charge budget structures and cost assessments that ensures an accurate development specific service charge is achieved. We can also offer guidance on how to minimise service charge voids and budget for void liabilities, as well as the legal and regulatory responsibilities relating to estate and service charge management.
Many of our developer clients are increasingly looking for new commercial opportunities such as ways to monetise amenities. We can help create selling points to achieve this, as well as forecast for it. We are also investing in a new proprietary property management tech platform which will be instrumental in enhancing our ability to provide unrivalled advice to our clients via real-time data and analysis and transparent financial reporting.
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