Southside D12

H. Financial Management - Forecasting
Due to our experience of
working with similar type
developments, Braemar Estates
(BE) is able to forecast future
spend incredibly accurately.
Financial forecasting is based
on actual prior year spend and
known expected expenditure
including Sinking Fund spend
from an independently produced
PPM schedule.
Once these are in place, Service Charge budgets are
produced by the Property Management Team with
assistance from the Service Charge Accounts Team before
being signed off by the SMC Directors.
Service Charge and Ground Rent Notification
Service Charge and Ground Rent Demands are always
invoiced via post to Leaseholders separately and in
accordance with the existing schedule. This is in-line with
our current procedures for other developments.
Service Charge and Ground Rent Collection
BE issues demands 30-60 days in advance of the due date
to Leaseholders and, currently, run a 42 day collection
following this for all other clients before debts are sent to
solicitors for collection through the courts.
The vast majority of these demands are paid in a timely
manner, however for those that are not, we have
procedures in place to minimise the time taken to recover
these debts (please see the attached appendices). We
will always use the processes highligted in the appendices
when recovering debts and our Credit Control Team are
employed simply to communicate with Leaseholders to
minimise the time taken between a demand being sent
and a payment being received.