Estimated Service Charge Statement for Residential Property
This Estimated Service Charge Statement for Residential Property should be used to set out the forthcoming’s year’s service charge estimate. It should be sent to tenants with the Service Charge Demand. It is suitable for use in relation to any residential property where the tenant is required to pay a service charge (for example, long residential leases). Under the Tenant Fees Act 2019 and the Renting Homes (Fees etc.) (Wales) Act 2019, a service charge payment cannot be charged to a tenant under an assured shorthold tenancy.
At the end of the service charge year, when the accounts have been finalised, an Actual Statement can be prepared and sent to tenants. It may then be necessary for the tenant to make an additional balancing payment or for the landlord to issue a refund (or carry the overpaid amount forward as a credit against the next year’s service charge).
This Estimated Statement contains fields for the landlord’s and tenant’s details, the address of the property, the tenant’s reference number and the period to which the statement relates. The service charge items and estimated charges should be entered in the table.
This Estimated Service Charge Statement for Residential Property is a Microsoft Excel document in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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