Saturday 4th September 2010
Block Management


Here are some, but by no means all, of the reasons why you should consider choosing Let-Me Block Management? 

 

  • Collection of ground rents
  • Preparation of service charge budgets and financial forecasts
  • Collection of service charges
  • Arrangement of all flat management functions and negotiation of contracts
  • Supervision of building works
  • Supervision of contracts covering gardening, cleaning and day to day management
  • Authorisation and payment of invoices
  • Regular reviews of all service providers
  • Organising building insurance, including valuations and claims handling
  • Regular site visits
  • Ensuring all residents comply with the terms of the head lease
  • Liaison with residents on all matters
  • Dealing with assignments and notices
  • Arranging, attending and taking minutes of annual meetings
  • Preparation of year end accounts and returns
  • Maintaining comprehensive records relating to each individual property
  • Regular reports to Freeholders

We do our best to provide the highest standards of property management available, complemented by the best accounting expertise. Our continued investment in computer technology ensures we are able to produce accurate and comprehensive data without delay.

 

The following is a schedule of management services, all of which can be included in the management fee:

 

  1. Collection of ground rents (if applicable), insurance premiums and service charges, in accordance with the terms of the leases, and the agreed annual service charge estimate.
  2. Service charge funds are required to be held in trust, in accordance with current legislation and RICS regulations. These funds would be held by Let-Me in a specially designated client account on which interest is earned and credited to the service charge fund. Similarly, specially designated reserve funds are set up, on which interest is earned and credited to the fund.
  3. The authorisation of invoices and payments for approved expenditure eg porterage, cleaning, insurance and repairs.
  4. The preparation of the annual service charge account (excluding Company Secretary work), arranging for the audit, and dealing with all queries raised by the auditors. If the account indicates an additional charge or a refund due to the lessees, when compared with the annual service charge budget, we arrange for the individual calculations of either the excess or the refund, and forward details to the lessees.
  5. The preparation of quarterly property management client statements.
  6. Provision of surveying services for 'major' works at an overall cost of 15% of contract value plus VAT.
  7. We welcome the opportunity to attend Directors' meetings and to meet regularly so that any problems can be dealt with quickly and efficiently.
  8. Weekly reports from the Head Porter via our standard report sheets.
  9. Attendance at Management Company or Residents Association meetings, which can include taking and distributing Minutes (out of normal business hours).
  10. Attendance by the management surveyor at any annual meeting.
  11. The recruitment of porterage and cleaning staff (if appropriate) on behalf of the client (not inclusive of agency fees).
  12. The employment of porterage and other staff on behalf of the client. Our Accountant deals with all queries relating to wages, PAYE and National Insurance. They will also handle disciplinary matters, the National Minimum Wage and ensuring that all legislation is complied with.
  13. Maintaining comprehensive computer records relating to each leaseholder, including the lease expiry date, whether interest is payable on late payments of service charge etc.
  14. Ensuring residents comply with the terms of their lease and dealing with statutory requirements.
  15. Ensuring that all maintenance contracts are properly set up in the name of the client, and regularly reviewing and seeking competitive tenders.
  16. Dealing with day-to-day enquiries from all relevant parties regarding management matters. (Where we deal with assignments, replying to Enquiries before Contract and copying service charge information, insurance policies etc we charge a fee which is at present £250 plus VAT payable by the vendor).
  17. We would welcome the opportunity to quote for the renewal of your insurances on their expiry.
  18. Ensuring compliance with current Health and Safety Legislation to include water testing, lift testing, electrical testing and compliance with the latest gas regulations.
  19.  We carry out regular reviews of all services provided, where we believe savings can be made without affecting the service provision. Our retained consultants advise on the best tariff and you would be entitled to benefit from Let-Me‘s buying power in this regard.

 

For a bespoke service please contact us directly to discuss your needs.

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