A Guide to Block Management2001191
Unfortunately, the home industry is awash with lots of technical jargon, which can confuse even the most intrepid flat owner. However, it pays to know a small about these terms, as more and much more of us are turning to block management companies in order to more effectively handle 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 idea of handing more than the control of their block to a home business a little hard to swallow however there are a lot of factors why a block management business could truly save you time, difficulty and maybe even a small money.
It is worth contemplating 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 difficult collecting the ground rent and the right amount of service charge in a block of flats. Let's face it, no-one desires 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 entire block of flats, managing internal and external repairs, hiring contractors etc cost effectively 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 problems, whether or not they be emotional, financial, to do with the condition 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 general nuisance.
Still feel like managing your block? Nicely fortunately a block management business can deal with all these activities and more, no longer do residents have to go through a laborious decision process as to how much the service charge ought to be, or which contractors to employ, block management businesses can help you with all of this.
Of course block management businesses price cash, and with little regulation some managing agents ought to be avoided. With this in thoughts, in order to ensure that you select the right management business for block, appear for guarantees such as "less expensive than managing agents or your cash back.
