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We manage several residential blocks of flats in Central London. This involves the collection of rent and service charge, the organising of repairs and general management of the building fabric, cleaning, common parts utilities and services, the insurance of the building, and all other matters relating to a smooth-running block. We arrange for contractors to carry out weekly, monthly, or quarterly service inspections, prepare specifications and undertake supervision of both internal and external common parts when necessary and in accordance with lease covenants. Under Section 20 of the Landlord and Tenant Act 1985, we are required to seek approval from the tenants for all building works over a predetermined sum. Normally this just applies to the major external or internal works. Our current management portfolio comprises residential blocks, office buildings, shop units, industrial clients, and lock-up garages. We see ourselves as being the link between tenants' associations and contractors, etc, with the ability to react quickly when problems arise. We have access to all the usual building skills. As with residential management, commercial management generally involves the collection of rent from tenants and the payment of rents to head landlords or freeholders. We organise major building works, maintenance works, mechanical plant renewal, decorations and cleaning. We also arrange the insurance of the buildings, either directly with the insurance companies or through clients' brokers. We deal with insurance claims. We administer service charge accounts, including annual budgeting and submitting accounts to auditors. Standard
management terms apply to both commercial and residential management in
accordance with RICS guidelines.
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