Revill Property Management prepare an estimate in respect of annual service charges in accordance with Section 18 of the Multi-Unit Developments Act 2011. We calculate the correct apportion of service charges for each unit to be applied in accordance with the provisions in the Lease agreement applicable to their management company. We use the latest accountancy software to keep track of all funds which are held in the name of the client.
At the beginning of each financial year, every owner will be issued with a statement of demand for service charges owing by them to incorporate the Sinking Fund contribution together with a copy of their annually approved budget.
RPM advise the Board of Directors on the establishment of a Sinking Fund in accordance with Section 19 of the Multi-Unit Developments Act 2011.
RPM issue monthly reminders for service charges outstanding for a period of 6 months, thereafter, in accordance with the terms of the Lease agreement will issue a Final Demand Notice. If payment is not forthcoming, the initiation of Debt Recovery may be sanctioned. Debt recovery charges may apply to the unit in default in accordance with the lease agreement.
RPM have an extremely successful debt collection track record and provide this service to all our clients as part of our standard contract of services. We deal with each owner on an individual basis with the strictest of confidentiality. Once agreed with the Board of Directors, payment plan options can be provided and have proven extremely successful to date.
RPM will answer all queries from owners on service charges, sinking funds and will upon request issue a statement of the unit owner’s services charge payments and sinking fund contributions.
RPM will prepare a report of overdue service charges for directors monthly, quarterly or as otherwise directed.
RPM provide income and expenditure reports for all Board meetings along with monthly reconciliations of bank accounts and provide reconciliation reports to the company Auditor at the close of the financial year. Any queries regarding the annual audit will be attended to by the designated property manager.
RPM will pay invoices for goods and services, in accordance with the approved service charge budget on a monthly basis. This provides excellent track records of annual expenditure and forecasting for future budgeting.
RPM have successfully reduced client’s annual expenditure by up to 15% by auditing services provided to the development and negotiating with suppliers to ensure value for money. At the beginning of every financial year we tender out specific services to suppliers in an effort to keep up to date with current market trends and to avoid supplier complacency.
The Board of Directors are always consulted with during any process as we believe communication is key to the successful running of any development.
“Myself and my fellow director have been dealing with Simon and RPM for some time now and can't speak highly enough of them. Having changed agents a number of times in quick succession we followed Simon from a previous role and when we heard he was out on his own we felt it was the right and proper thing to do in the best interests of our development. Simon always brings a cheerful, knowledgeable and professional approach to all that he does for and with us. With a vast array of contacts, not to mention his long and successful track record in property management Simon is without doubt the finest agent we have ever worked with. Without hesitation, I would recommend Simon and RPM to any estate in need of a professional, reliable and hands on approach.”
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