Life Property Management Billing
The lpm billing period commenced on 15th May and will run for a period of 6 weeks. During this time, in excess of 200 developments and over 15,000 clients will be billed. Invoices are sent electronically, via email, paper copy or My lpm App notification.
As an lpm Client currently receiving a paper copy invoice, you can move to electronic billing at any time by contacting firstname.lastname@example.org to update your account preferences.
Annual budget preparation
At lpm we are always working hard to deliver relevant information and greater transparency to our Clients.
Over the past few weeks our Finance and Estates teams have been collating financial information relevant to each development, to be able to provide Clients with a 12 month Actual v Budget Report and an estimated Annual Budget for the year ahead.
Actual v Budget Report
This Actual v Budget Report report provides a summary by budget category, of all the common costs incurred by a development over a twelve month period, giving clients an overview of the annual running costs of their development. Based on these actual costs, the new estimated Annual Budget projects the anticipated costs for the year ahead.
These costs can be fixed contracts, negotiated by lpm, which let us accurately forecast these areas of expenditure. However, many costs are reactive or market led, e.g. energy etc., which we estimate based on historic trends and anticipated requirements.
Budgeted costs are broken down by stairwell, block or property type, depending on the apportionment split required for the development.
These reports are available to view at My lpm, within the Financial Information tab located in the Documents section. Budget Guidance Notes are also located here, providing clients with an explanation of each budget category.
Should you require additional information on Life property Management budgetary matters, please email email@example.com
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