Block Management
Block management refers to when a company has been specifically appointed to take care of the communal areas of a residential property. This includes broader management responsibilities such as collecting rent and service charges and resolving maintenance issues.
In addition, block management includes preparing annual budgets and ensuring all legislation is followed correctly. You must guarantee that freeholders and leaseholders receive value for money with the service charges placed on the account.
At Chesworths, our block management team can offer management advice on your property. We provide an array of management services for existing properties, such as:
Changing or managing agent transfer procedure
In-depth financial reports regarding income, rent, and service charges
Detailed reports and schedule of condition before a handover occurs
Regular inspections
Meetings with residents
Board meetings with management
Company secretarial service
Capital expenditure plans
And for new build developments:
The production of a capital expenditure plan
Setting service charge budgets and managing reserve funds
Advice on building design and services
Review of brand awareness
Consultations with legal advisers
Sales team support
Whilst many people may want to change block management agents, it can be a bit overwhelming knowing where to begin. However, this is where we can help. From our experience, we know there should be sufficient resources to ensure the handover runs as smoothly as possible.
Our team works hard to make the process easy for everyone involved and eliminate any issues. We begin by appointing a senior member to oversee the transfer between agents. We also liaise with residents to ensure everyone is aware of the handover taking place.
If you want to change the managing agent for your property in Sussex, reach out to Chesworths today to find out how we can help you. With our support, the process couldn’t be more straightforward.