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?