The maintenance (service charge) account exists both for the building (general maintenance account) and also
for each flat (individual maintenance account).
Each of these reads like a bank statement (see attached) so that one an clearly see what has been spent andalso what balance remains. Also it is clear what a leaseholder has paid for, and what percentage he/she haspaid. Often the basement flat does not contribute to expenditure above (in the hallways) or the ground floorflat may not pay towards lift maintenance, etc.
Since Leasantium is on-line, the leaseholder, the freeholder and the managing agent can access and read theaccounts at any time – just as with a bank account. No need to the agent or freeholder,
End of Year accounts, both for the building and for each flat, are done instantly by Leasantium at the click of a
button. The agent/freeholder does not need to do anything at all.
After keying in the projected expenses for the next year (cleaning, gardening, electricity in hallways, buildings
insurance etc), Leasantium will immediately calculate the service charge to be collected for each flat, produce
the ground rent and service charge invoices, and e-mail them to each leaseholder. All the freeholder/agent has to do is to click a button.
Reminders are automatically sent to leaseholders who have not paid without the freeholder/agent having to do
Reports (e.g. arrears lists) are accessible at any time at the click of a button.
Initial set-up (keying in flat names, ;easeholder/freeholder names, ground rent/service charges for current year,credits/debits to date (max 12 months), etc. is free of charge.
If you are interested please leave a message on Voicemail if there is no answer) or send a brief mail sayingwhen you can talk. We will then you at a convenient time.