A Guide to Block Management6678110
Sadly, the property industry is awash with lots of technical jargon, which can confuse even the most intrepid flat owner. Nevertheless, it pays to know a little about these terms, as more and more of us are turning to block management businesses in order to much more successfully manage our blocks - but what precisely is "block management?"
Quite clearly a block management business will assist residents to handle the completely of their block. Many residents, understandably, may find the concept of handing over the manage of their block to a property business a small difficult to swallow however there are plenty of factors why a block management company could really save you time, difficulty and maybe even a little cash.
It is worth considering the range of activities that go into the efficient management of a block of flats:
Rent and service charge must be collected: it can be difficult collecting the ground rent and the right quantity of service charge in a block of flats. Let's face it, no-1 desires to be the one to be the one who requires money out of their neighbour's pockets.
Sustaining a single home can be challenging, even for the keenest DIY enthusiast. So imagine the difficulty involved in taking care of upkeep for a whole block of flats, managing internal and external repairs, hiring contractors etc price effectively and with the agreement of all the other residents in your block.
Even with the very best will and intentions, living in close proximity with your neighbours can lead to all sorts of issues, whether or not they be emotional, financial, to do with the situation of yourblock. For instance, maybe your neighbours are noisy, have pets they're not supposed to (i.e. they are in breach of their lease) or they are causing a common nuisance.
Still really feel like managing your block? Nicely fortunately a block management company can handle all these activities and more, no longer do residents have to go through a laborious choice process as to how much the service charge should be, or which contractors to hire, block management companies can assist you with all of this.
Of course block management companies price money, and with small regulation some managing agents should be avoided. With this in mind, in order to make sure that you select the right management company for block, appear for guarantees such as "cheaper than managing agents or your money back.
