Block Management
Services required and associated expenditure for the maintenance of communal areas within a residential Apartment/Housing Development can present real problems. There are legal and financial implications. CSM Estate Agents will act on behalf of the Owners to ensure the effective management of the development.
Owners of a development have equal shares and can cherry pick from a list of services required to maintain their site. Some services will be necessary as there will be a legal liability for owners to have in place, such as building insurance and lift insurance/maintenance. Our aim is, to leave the owners in full control without the day-to-day headache of management.
Services Provided
Some of the services that can be provided are listed below.
- Call and attend Annual General Meetings, Take Minutes and provide shareholders with copy on request.
- Collect all moneys due in respect of Service Charge. Process small claims proceedings against defaulters.
- Arrange adequate insurance for the entire development, collect payments and process all claims.
- Update records on change of ownership.
- Issue new share certificates.
- Supply information to solicitors with regard to past accounts, minutes, insurance, Memorandum and Articles of Association.
- Prepare detailed Income & Expenditure statements.
- Administer Annual returns and financial statement to Companies Office.
- Prepare budgets and advise as to the appropriate level of service charge.
- Liaise with Maintenance contractors, gardeners, window cleaners and cleaning companies
- Arrange any miscellaneous repairs to common areas as requested, process invoices and settle payment from the Service Charge account.
- Organise external repainting or similar work in line with the terms and conditions of the property lease.
- Ensure that the terms of lease are enforced.
- Be available for discussion with Directors (appointed representative) in respect of efficient management of development.
Resources
CSM Estate Agents manage many such sites and are experts in the field of residential block management. We have all built up the pool of expertise and resources to be able to carry out our role effectively and efficiently.
- Teamwork which enables calling upon contractors with numerous skills: Company Law, accounting, sales, customer service and the placing of block/lift insurance policies.
- Quality contractor backup for maintenance and repairs. The quality of the contractor?s work is continually assessed.
- Competent emergency service cover. Arrangements can be made to have 24 hour emergency cover with insurance company approved contractors.
What are the benefits of having CSM Estate Agents manage your development?
There can be many, but to summarise a few:
- Value for money - Because of the quantity of business we handle we are able to procure Insurance services at incredibly competitive rates.
- Network of reliable Professionals - Over time CSM Estate Agents has built up a core of hard working, trust worthy professionals. We are able to provide suppliers with regular business and in return they offer us the best service available.
- Balance - We recognise that residents have the right to know what is going on around their property and at the same time maintain an element of privacy. CSM Estate Agents strives to maintain a healthy balance of providing residents with information whilst remaining unobtrusive.
Need More Info?
If you'd like more detailed information please complete our contact form or call us on 028 9024 5999.
