Block property management involves the management and maintenance of residential properties that are part of a larger building complex. The service, which is provided on behalf of Residents’ Flat Management Companies (RMCs) or the freeholders, ensures that the blocks and their shared facilities continue to operate efficiently. The costs of block property management are covered by service charges which are paid by the leaseholders. Read on to find out what block property management in Essex involves.
Collecting service charges
Block property management normally involves collecting service charges, ground rents, and other fees from tenants to cover property maintenance costs. The property manager will often be responsible for managing financial accounts and budgets for the property.
Maintenance and repairs
One of the key aspects of block property management involves carrying out maintenance and repair tasks for common areas, including lobbies, staircases, lifts, gardens and parking areas. Ensuring that a property is well-maintained and that necessary repairs are carried out promptly is crucial for the upkeep of the property, the smooth functioning of shared facilities, and the overall well-being of the residents.
Service contracts
Block property management involves dealing with service contracts, which are agreements between the property management company and external service providers. These contracts outline the terms and conditions under which specific services will be provided to the property. Service contracts play a vital role in ensuring that the property’s maintenance and repairs are carried out efficiently and professionally.
Administration
Property managers handle a wide range of administrative tasks when managing blocks of properties. These can include record-keeping, communication with residents, dealing with enquiries, and ensuring compliance with relevant regulations. Administration is a hugely important aspect of block property management since it ensures the smooth operation of the property and the well-being of tenants.
Health and safety
Block property managers are often responsible for health and safety within a block of properties. They will implement and maintain various measures to promote a safe and secure environment within the property, helping to ensure the health and safety of residents, tenants and visitors. Not only do property managers make sure that the building complies with local health and safety regulations, building codes, and other relevant laws but they’ll develop emergency response plans for scenarios like fires or security breaches.
Insurance
A block property management service will also involve arranging and managing insurance policies for the property. Property insurance is vital for protecting the property, its common areas, and the interests of the property owners and tenants. Block property managers ensure that suitable insurance coverage is in place to address potential risks and liabilities associated with the property.
The responsibilities of block property managers are extensive and go well beyond those listed above. To find out more about our block property management services, get in touch with our team today. Send us a message via the website and we’ll get back to you as soon as possible.