Association of Residential Managing Agents

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Leaseholder Library

Welcome to the Leaseholder Library

ARMA self-service library offers guidance to leaseholders. We would recommend that you view the documents available to see if they can assist.

If they do not, or you require further information then please contact the Leasehold Advisory Service at They are a government funded body who are able to assist you and they provide free information, initial advice and guidance to members of the public about residential leasehold. They are independent and impartial and all of their advisers are legally qualified.


Posted: 08 / 11 / 2011

Downloads: 2763


TECPLN10724 TECH 03 11 D5 rvsd web.pdf

This is a guide to the law and professional best practice in relation to residential service charge accounting.

There are currently no statutory requirements for the preparation and content of regular service charge accounts. Nor are there any requirements for the external examination of these accounts. Furthermore, many leases are silent on exactly how service charge accounts should be produced. This often leads to inconsistent accounting practices and confusion over how such monies should be accounted for.

To combat this and give leaseholders greater confidence in the way their money is handled, ARMA, together with the Institute of Chartered Accountants for England and Wales, the Association of Chartered Certified Accountants and the Royal Institution of Chartered Surveyors have published this best practice guidance.

It aims to clear up the inconsistencies in approach and ultimately increase! transparency in service charge accounting procedures.

ARMA members are required to adhere to this guidance.

Download the full 34 page document above.

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