A Guide to Block Management7373321
Unfortunately, the property business is awash with lots of technical jargon, which can confuse even the most intrepid flat owner. Nevertheless, it pays to know a small about these terms, as more and more of us are turning to block management companies in order to much more successfully handle our blocks - but what precisely is "block management?"
Fairly clearly a block management company will assist residents to manage the completely of their block. Many residents, understandably, may discover the idea of handing more than the manage of their block to a property business a little hard to swallow nevertheless there are a lot of factors why a block management company could really save you time, difficulty and perhaps even a little cash.
It's worth contemplating the variety 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 amount of service charge in a block of flats. Let's face it, no-one wants to be the 1 to be the 1 who requires money out of their neighbour's pockets.
Maintaining a single home can be difficult, even for the keenest DIY enthusiast. So imagine the difficulty involved in taking care of maintenance for a whole block of flats, managing internal and external repairs, hiring contractors etc cost successfully 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 condition of yourblock. For instance, perhaps your neighbours are noisy, have pets they are not supposed to (i.e. they are in breach of their lease) or they are causing a general nuisance.
Still feel like managing your block? Nicely fortunately a block management company can handle all these activities and much more, no longer do residents have to go via a laborious choice process as to how much the service charge should be, or which contractors to employ, block management businesses can help you with all of this.
Of course block management businesses cost money, and with small regulation some managing agents should be avoided. With this in thoughts, in order to ensure that you select the correct management company for block, appear for guarantees such as "cheaper than managing agents or your money back.