Does a company formed to handle rent charges have to report any differently to a company formed to handle service charges?
From my research it appears not but there's very little out there about rent charges possibly because they are presumed to be synonymous with service charges when it comes to reporting.
So far as I can see I need to change a few words from service charge to rent charge, but the service charge accounts are still called service charge accounts and prepared otherwise in the same way.
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What is a rent charge?
Is it what most people would call rent paid by tenants?
If so, the company is acting either as a freehold (or superior leasheold) landlord or as a letting agency. The LTA provisions about service charges being held in trust for the tenants and the need for separate service charge accounts do not apply.
In that case ...
... it is a service charge.
But I simply do not understand how anyone could ever describe payments by freeholders as anything to do with rent.
I should have Googled it
Apparently, there is even statutory law on Rentcharges. At least, no new ones can now be created.