Estimated Service Charge Statement for Residential Property

This Estimated Service Charge Statement for Residential Property is used to provide tenants of long residential leases with an estimate of the service charge costs for the upcoming service charge year.  It is typically issued alongside the Service Charge Demand.  

Under the Tenant Fees Act, a service charge payment cannot be charged to a tenant under an assured shorthold tenancy.

Purpose of the Estimated Statement

This statement helps tenants understand the estimated costs for services detailed in the lease (e.g. maintenance and repairs) before the start of the service charge year. It provides transparency to tenants

What Does the Estimated Service Charge Statement Include?

The template contains fields for the landlord and tenant details, property address, tenant reference number, service charge period, and itemised estimated service charge costs. 

Other Supporting Statements

At the end of the service charge year, once the accounts have been finalised, landlords should issue an Actual Service Charge Statement which will show the actual costs incurred, and may require tenants to make an additional balancing payment or receive a refund/credit towards the next year's service charge. 

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.

Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

Estimated Service Charge Statement for Residential Property is part of Property. Just £38.50 + VAT provides unlimited downloads from Property for 1 year.