Block Management

Block Management

Not all lettings and property managing agents offer a specialist block management service.  Residential block and property management entails taking care of the day-to-day concerns that accompany owning a block of flats or houses on a private estate, navigating emergencies, managing finances, insurance, service charges, bank accounts and providing strategic advice for long-term maintenance; crucial for protecting the value of any asset.

The three key areas that we cover are;

1. General Management services include:

  • General advice on the property, reports on current matters, and attendance at AGM’s as required.
  • Maintenance of property records.
  • Property supervision, checking compliance with lease covenants and reporting on applications to assign, sub-let or alter.

2. Rent Collection, Financial and Accounting services include:

  • Collection of ground rents, service charges and other property income and liaison with clients and solicitors on collection of arrears.
  • Management of funds in separately held accounts.
  • Preparation of annual income and expenditure reports as well as budget compliance accounts.
  • Identifying/paying expenses for suppliers, insurers, contractors, staff and consultants.

3. Management of Service Charge services include:

  • Arranging and reviewing contracts to fulfill all landlord obligations to tenants.
  • Employing and supervising staff, on behalf of the landlord.
  • Appointing specialist consultants for structural alterations, plant and machinery repairs and etc.
  • Authorising invoices and payment of all outgoings.
  • Preparing annual budget costs and statements of projected income and expenditure.

Additional Services:

  • Specifications and tenders for major works requiring Section 20 notices, applications to assign, alter or underlet, provision of Company Secretarial services and Health and Safety issues.
  • Preparation of year end accounts or submission of data to independent accountants for preparation of these accounts.
  • Forming of Block ‘not for profit’ management Company.

Additional Services:

  • Visits – underpin our commitment to meeting our customers’ needs, ensuring efficiency when resolving problems and undertaking management-related tasks.

Looking to Let?

Looking to let a block of properties?  Want some more information?