Summary of Service Charge Accounts

Fire_Fox

"The summary should show:

• how the costs relate to the service charge demand, or if they will be included in a later demand;
• any items for which the landlord did not receive a demand for payment during the accounting period;
• any items for which a demand was received and for which no payment was made during the accounting period;
• any items for which a demand was received and for which payment was made during the accounting period; and
• whether any of the costs relate to works for which an improvement grant has been or is to be paid.

Where the service charge is payable by the leaseholders of more than four dwellings, the summary must be certified by a qualified accountant as a fair summary and sufficiently supported by accounts, receipts and other documents produced to the accountant. Where the landlord is a public sector body, one of their officers who is a qualified accountant may certify the summary, but otherwise the accountant must be independent of your landlord."


Can anyone with a legal background shed light on the above? Does this mean there is a readable format that must be used? Does 'certified by a qualified accountant' mean leaseholders should actually receive a breakdown of the annual charges in sensible categories, with the stamp and/ or signature of an accountant on?

Fire_Fox

Shameless bump!