MANAGING BLOCK BUDGETS
The first step when managing blocks is to prepare the annual budget and circulate to lessees in advance of the due date so that they know what costs are planned for the year. The budget schedule will include the likely items of expenditure. This achieves an agreed annual plan where insurance is agreed, cleaning and health & safety costs are confirmed and maintenance contracts are outlined.
Your Property Manager produces all budgets and presents them to the Leaseholders. Once agreed we get to work on ensuring the buildings cleaning, maintenance and health & safety regulations are properly executed.
BLOCK MANAGEMENT SERVICES
Many new managements have existing issues, some have self-management problems, personality problems, and inconsistency with accounts and maintenance. We make a point to read the lease and work from the clauses to ensure our demands are correctly constructed.
DAY TO DAY MAINTENANCE
It is inevitable that something is going to need repairing, fixing or replacing. Our team can swiftly and cost effectively organise a contractor to resolve any maintenance issues, bearing the budget in mind.
An important aspect of Block Management is ensuring the building is fully covered in case of damage and emergencies. We have various brokers who will offer competitive rates.
YEAR END ACCOUNTS
At the end of each financial year the accounts will be sent to an appointed accountant for the report, then circulated to the lessees. From this information we are able to assess the new service charge schedule for the forthcoming year.
COMPLIANCE / HEALTH & SAFETY
Health & Safety is complicated and ever changing. Our team attends on going relevant training to keep us up to date and we use professional firms to carry out the works when required.
Our role in major works is to over-see internal and external works. We look to surveyors for technical assistance and work to choose qualified contractors. Our blocks team ultimately ensures contractors do the job they are paid to do.
DISPUTES & ARREARS
We make every effort to avoid disputes and usually resolve them. As with arrears the same applies, however if we have to use the services of the Rent Tribunal or even the courts we will do so. Arrears are low with very little representation required.
We've created a case studies page to showcase some examples of the types of buildings we work with. There is also a selection of flats we let and manage, in case you're interested in renting your investment. If you require examples of our management contract, or draft budgets we'd be more than happy to provide those. Please call or email us for contract of budget requests.