As experienced Residential Block managing agents we act for freeholders and residents associations managing a range of properties from purpose built blocks of flats to private residential estates and mixed use developments
The Lease will also normally define the
demise of the premises, the repairing
liabilities of the freeholder and leaseholder,
the service charge payable (if any), insuring
responsibilities, and the rules and regulations
of the development. Leases vary greatly from
one development to another. We will
familiarise ourselves with the content of the
Lease to enable us to manage each individual
development within the boundaries of the
Lease and current legislation.
The service charge, or maintenance charge
as it is commonly known, is a payment to
be made by the leaseholder towards the upkeep, maintenance and repair of the communal areas of the property. The level of service charge, proportion payable, and the dates payable will usually be defined within the Lease. We prepare budgets to help agree service charge amounts and recommend a reserve or sinking fund to ensure that our blocks are always well funded.
As a legal term, ground rent specifically refers to regular payments made by a leaseholder to the freeholder or a superior Leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. We collect ground rent on behalf of the freeholder in line with current legislation.
We organise block and building’s insurance via brokers to insure the building correctly at competitive rate.
Maintenance and Repairs
We arrange contracts for gardeners, cleaners, window cleaners, door entry systems, drain
We respond quickly to emergency repairs and maintenance such as plumbing, electrical and roofing.
In addition, we prepare 'major works' specifications for internal and external redecorations, roofing, building, compliance, fire risk and safety etc. When required to do so by law we serve Section 20 Consultation Notices.
We provide financial records to professional accountants at the end of the financial year in order to produce the service charge or financial statement for the company to comply with current legislation and company law.
We can act as Company Secretary and the registered office for our managements. This role includes filing the Annual Return, issuing Share Certificates, appoint and resign Directors and members, keep a record of officers, and act as co-signature for legal documents.