How often does your block management company inspect your fire doors? It is a legal requirement for responsible persons, for all multi-occupied residential buildings in England, over 11m in height to carry out annual checks of all flat entrance doors, including self-closing doors, that lead to common areas of a building. There should be quarterly …
Flat leaseholders and their concerns regarding high service charges Flat leaseholders are becoming increasingly worried about their service charges and in many cases, people are feeling trapped as they are struggling to sell their properties. Why have service charges increased so much? Matthew Cox, who heads up Charles Cox Property Group talks to Andrew Marsh …
The five key differences Asset management and property management are two terms that are often used interchangeably, but they actually refer to two different aspects of investment management. While both involve the oversight and maintenance of properties, there are five key differences between the roles of an asset management company and property management companies. Performance …
In England and Wales, homeownership is classified into three types. These three types are freehold, leasehold, and commonhold (which is essentially a variation of freehold ownership). Understanding the distinctions among these types of homeownerships is critical, especially for those who plan to buy a property. This blog post will delve into the definitions of freehold, …
What does ‘in arrears’ mean? Arrears refers to the status of payments about their due date. It describes an obligation or liability that has not received payments on its due date, in more simple terms it refers to an overdue payment. For example, if someone misses a mortgage payment, fails to pay their rent on …
7 Tips for landlords and property investors You have a lot on your plate as a landlord or property investor. Whether you’re new to the game or an old pro, there are certain responsibilities that can’t be put off. If you plan to continue investing in property, it’s time to think about hiring a good …
The benefits of using an ARMA Member ARMA (The Association of Residential Managing Agents) was founded in 1991 to set standards in residential block management, to promote professionalism in the sector, and to produce information and advice for leaseholders. If you are a landlord looking to change your managing agents for a portfolio of block …
Why choose a property company with ARMA accreditation? Read More »
Do you live in a leasehold property, or are you thinking of buying a leasehold property? If you purchase or live in a freehold property, you own both the building and the land the building stands on. Buying a leasehold property means that you only own the building and own it for a certain amount …
The right to manage enables the long-leasehold tenants of qualifying blocks of flats to take over the management of their property, without having to prove fault on the part of the landlord or existing agent. You will need a minimum of 50% of those qualifying long-leasehold owners to join in. Qualifying blocks must be self-contained, …
Right to Manage – Are you in control of your block? Read More »
Unpaid service charges can really jeopardise good block management and the debt collection process can be challenging and time-consuming for landlords and managing agents, putting a huge dent in cash flow. When it comes to smaller blocks where there is a community, it is often important to use methods which not only get the cash …
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