Understanding your Landlord statement

Your landlord statement gives a clear overview of your property’s financial activity. It shows how much rent has been received, what’s been deducted (like fees or repairs), what’s been paid to you and what remains. Invoices are included for transparency and do not include additional charges. Our guide below walks you through each part to help clarify things. If you still have questions, please don’t hesitate to contact the team.

Understanding your rental statement 

1. Opening Balance – This is the balance carried forward on the landlord’s account from the previous statement. 
2. Income – The income section shows income received. For overseas landlords, it will also show any tax credits. 
3. Expenditure – This section shows expenditure that has been deducted from income, such as management fees, supplier invoices, and withheld tax.   
4. Landlord Payments – This section shows payments that have been made into the landlord’s bank account. 
5. Closing Balance – This shows the funds that are left on the landlord account at the end of the statement. This includes any funds on account for works and/or floats withheld. 

Should you have any further questions regarding your statement, please do not hesitate to contact the accounts department on accounts@linleyandsimpson.co.uk.

To access your statements, log into your Propertycloud account > click on the documents tab > download your statement directly from there.

Below we’ve provided clear answers to some of the most frequently asked questions from our landlords;

• You may see on your statement a reserve fund/float on your account, however this is nothing to worry about. Reserves are funds held on your account to pay towards planned works at the property, the majority of works will have been discussed with you before any funds are held. Floats are held on landlords’ accounts to enable us to always have funds available to cover outstanding invoices or fees if rental income is not immediately available.
• A 'partial rent payment' may show on your statement and this will be when the tenant(s) have only paid part of their rent. We pay our landlords Monday to Friday once we have cleared funds in our account (unless otherwise agreed). As soon as the remaining rent is received, it will be forwarded to you.
• If you would like your annual statement sent, please email accounts@linleyandsimpson.co.uk. Please note charges do apply.

If you have any additional queries or concerns, please contact the relevant teams or your property manager.