A Guide to Block Management3499745
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 small about these terms, as much more and more of us are turning to block management businesses in order to much more successfully manage our blocks - but what exactly is "block management?"
Quite obviously a block management company will help residents to manage the completely of their block. Many residents, understandably, may discover the concept of handing over the manage of their block to a home company a little difficult to swallow nevertheless there are a lot of reasons why a block management company could really save you time, difficulty and perhaps even a small cash.
It's worth considering the variety 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 correct amount of service charge in a block of flats. Let's face it, no-one wants to be the 1 to be the one who takes cash out of their neighbour's pockets.
Maintaining a single home can be challenging, even for the keenest DIY enthusiast. So envision the difficulty involved in taking care of upkeep for a whole 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 best will and intentions, living in close proximity with your neighbours can lead to all sorts of issues, whether they be emotional, monetary, to do with the condition 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 feel like managing your block? Well luckily 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 hire, block management companies can help you with all of this.
Of course block management companies price money, and with little regulation some managing agents should be avoided. With this in thoughts, in order to ensure that you choose the right management company for block, appear for guarantees such as "cheaper than managing agents or your money back.
