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Sadly, the property industry is awash with lots of technical jargon, which can confuse even the most intrepid flat owner. However, it pays to know a little about these terms, as much more and more of us are turning to block management companies in order to much more effectively manage our blocks - but what exactly is "block management?"

Quite obviously a block management company will assist residents to manage the entirely of their block. Many residents, understandably, may find the concept of handing over the control of their block to a home business a small difficult to swallow however there are plenty of factors why a block management business could really save you time, difficulty and perhaps even a small cash.

It is worth considering the range of activities that go into the efficient management of a block of flats:

Rent and service charge should be collected: it can be tough collecting the ground rent and the right amount of service charge in a block of flats. Let's face it, no-1 desires to be the 1 to be the 1 who requires money out of their neighbour's pockets.

Sustaining a single home can be challenging, even for the keenest DIY enthusiast. So envision the difficulty involved in taking care of maintenance for a entire block of flats, managing internal and external repairs, hiring contractors and so on price 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 problems, whether they be emotional, financial, to do with the situation of yourblock. For instance, maybe 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 common nuisance.

Nonetheless feel like managing your block? Well fortunately a block management business can deal with all these activities and more, no longer do residents have to go through a laborious choice procedure as to how much the service charge ought to be, or which contractors to employ, block management companies can assist you with all of this.

Of course block management companies price cash, and with little regulation some managing agents should be avoided. With this in thoughts, in order to ensure that you choose the correct management company for block, appear for guarantees such as "cheaper than managing agents or your money back.

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