service charge management
Service charge management is defined by the terms of the individual leases within each building and by various statutory provisions under acts of Parliament.
Fortis Estate Management aim to follow the provisions of the Code of Service Charge Management set by the Royal Institution of Chartered Surveyors (RICS) and any comparable best practice provisions in codes published by the Association of Residential Managing Agents (ARMA) and by the Institute of Residential Property Managers (IRPM).
We focus on credit control as an essential factor in maintaining steady cash-flow to enable timely repairs and maintenance for each building.
service charge budget reconcile
We recognise that transparency and timely budgeting and reconciliation of annual service charge accounts is an essential part of effective annual building management.
We establish sinking funds and reserve funds as a 'best practices' method of accumulating funds for significant items of repair or maintenance to the building fabric.