Leasehold Service Charge Collection in North Wales

Are you searching for reliable leasehold service charge collection in North Wales? At Sharon Smith Properties Ltd, we offer expert property management services, specialising in collecting service charges and ground rent for leasehold blocks and shared housing estates.

Our fully insured processes and client money protection give landlords and leaseholders peace of mind, knowing that every penny is handled securely and transparently, in line with RICS guidelines.

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  What's Included in Our Leasehold Service Charge Management

Budget Planning and Forecasts

We don't just collect fees, we plan ahead. Sharon Smith Properties Ltd works closely with landlords and block directors to prepare accurate annual budgets, ensuring service charge requirements are clear for everyone. Our management team takes pride in forecasting maintenance and operational costs, so there's never a surprise.

Timely Collection of Payments

As certified rent collection agents for blocks, we manage ground rent collection services and leasehold service charge collection with punctuality and attention to detail. Our efficient systems minimise late payments and ensure all funds reach accounts exactly when they should.

Arrears Management

When payments fall behind, Sharon Smith Properties Ltd acts swiftly. We contact leaseholders, agree fair repayment schedules, and, where needed, follow regulated recovery procedures. Our work ensures the block remains financially healthy without needless conflict.

Financial Reporting to Directors and Landlords

Transparency is non-negotiable. Every quarter, our clients receive clear financial statements showing collected amounts, outstanding arrears, and a full breakdown of how service charge funds are used. This approach keeps directors and landlords in North Wales completely informed.

 

 

 

 

Why Choose Sharon Smith Properties Ltd?

  • Expert Accreditation: Our team brings together ARLA, APIP, and NAEA accredited professionals who know the sector inside out.
  • Regulated and Insured: All property management services are fully insured and follow the RICS Service Charge Residential Management Code, offering maximum protection for client money.
  • Dedicated Local Service: Based in North Wales, we have local knowledge and hands-on commitment, making us the trusted choice for ground rent collection services and leasehold service charge management.
  • Complete Peace of Mind: With Electronic Data Protection, Professional Indemnity Insurance, and access to an Ombudsman scheme, Sharon Smith Properties Ltd puts clients' confidence at the centre of everything we do.

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Frequently Asked Questions

How are service charges collected?

We collect service charges using clear invoices, automated reminders, and convenient payment options, ensuring prompt and accurate property management.

What happens if a leaseholder doesn’t pay their service charges?

If payments are missed, our arrears management team contacts the leaseholder, offers repayment plans, and follows regulated recovery procedures if needed.

Do you provide annual service charge accounts?

Yes, we provide detailed financial reporting for service charges and ground rent, including annual accounts, breakdowns, and spending reports to all directors and landlords.

Who decides how service charge money is spent?

Budget planning is done with block directors and landlords, ensuring transparency. All spending aligns with the agreed budget and RICS guidelines.

How is ground rent different from service charges?

Service charges cover communal maintenance costs, while ground rent is paid to the freeholder for the land your leasehold is built on. Both are administered by our team.

Are your property management services in North Wales regulated and insured?

Yes, we are ARLA, APIP, and NAEA accredited, fully insured, and all funds are protected under client money protection, providing complete peace of mind.

 

 

 

 

 

Ready For Professional Property Management in North Wales?

Let our expert team at Sharon Smith Properties Ltd take away the stress of managing your block or flat.

Call us on 07525 748117 or email us for a confidential discussion, or get in touch online. Experience a truly professional, reliable property management company trusted across North Wales.

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Sharon Smith Properties Ltd is registered as a limited company in England and Wales under company number 09732371.