What is Block Management?

What is Block Management?

If you’ve ever wondered what block management entails, it’s a bit like managing a business. Looking after a block of flats or apartments takes specific knowledge and experience and is often best left to a property management company to deal with.

Leaseholders will have a strong interest in the management of their building, how it is being handled and who is doing the handling. A property that’s badly managed can have a long-term effect on how people live and enjoy their homes and even future value.

Landlords are normally responsible for the general overseeing of a property, but landlords can vary. It might be a solitary person, a local authority or a management company. It’s normally the landlord who is responsible for the overall management of the building. This could be an individual person, a company or a local authority. It is more common for an individual landlord to hire a management company to look after the property on their behalf as it’s often too big a job for one inexperienced person. For a professional Block Management Company in Gloucestershire, visit http://www.completepropertygroup.co.uk/property-block-and-estate-management/

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Why hire a block management company?

A group of more than one properties requires dedication, time and a professional approach that is much better served by a specialist company. A property management specialist will be knowledgeable in tenant and landlord law, health and safety laws, accounting and building construction.

The managing company take their direction from the landlord and not the leaseholders, but a professional agent will always be mindful of the tenants needs and issues. The job can involve anything from making sure all is in good working order, like the lifts to dealing with gardens and accounting. They play an essential role in the experience of both leaseholder and landlord. The leaseholders pay service charges to cover the costs accrued by the management company in maintaining and servicing the building. That is why it’s important to have an experienced and highly professional agent.

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What you should look for in a block management agent:

  • Highly Knowledgeable
  • Have a wealth of experience in understanding leases and tenant/landlord legislation
  • Be able to guide leaseholders in their obligations and their rights
  • Always be committed to best practice and high standards of customer care
  • Always comply with industry codes of practice
  • Have an accessible and independent complaints process
  • Be open and transparent
  • Be able to supply extensive accounting options including service charge collection, expenditure and budgeting
  • Make good decisions in how service charge money is used

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