ARE YOU BOGGED DOWN WITH SELF MANAGING YOUR BLOCK OR ESTATE? OR ARE YOU FEELING SHORT CHANGED BY YOUR CURRENT MANAGEMENT AGENT BUT WARY OF JUMPING FROM THE FRYING PAN INTO THE FIRE? IF YOU WANT LOW COST MANAGEMENT BUT PROMPT, EFFICIENT SERVICE WITH NO COMPROMISE ON ACCESSIBILITY OR QUALITY OF SERVICE THEN READ ON!
In many cases owners within Blocks or developments collectively manage their own Block with great success, thereby protecting their investments and saving on high management fees. However, in larger collectives or developments, or in those where the ownership is largely comprised of busy professionals, the workload and obligations of self management often prove too much to contend with. There may be conflicting opinions amongst Leaseholders and Directors at self managing developments which eventually lead to the appointment of a neutral managing agent.
So what can you expect from your agent… if you choose to go down that path?
Professional Management Agents should ensure that all properties in their charge are maintained & kept to a high standard of repair, thus preserving the capital investment of the owners. Ensuring provision of services to all common areas – lighting in common areas, cleaning if required, maintenance of gardens / grounds etc - guidance on common insurances, major works & maintenance + repairs, as well as any specific requirements of the Block are also to be expected of the agent.
Written terms of engagement should detail fee structures & additional costs for which agreement is made. The service offered should be cost effective and relate fairly to the condition, size & scale of the properties, as well as any other responsibilities to which the agent is contracted.
Agents should ensure that the Client’s funds are kept in an individual named account at all times & provide open accounting for expenditure to the Residents’ Association upon request. All transactions relating to the Client’s property, as well as any & all expenditure from the Client’s account should be fully & accurately recorded.
Agents should ensure that annual or any periodic accounting is undertaken promptly by an approved Accountant, providing all essential supporting information on demand.
Furthermore the agent should maintain open, polite & courteous relationships with their clients, preserving balanced & fair consideration of the opinions of all within a professionally conducted arrangement. Regular consultation, open communication, written guidance, & proactive on-site management of the premises should all be the rightful entitlement of the client(s).
Our Fee
Our fees for Block Management services start from a standard lower negotiating level of £10 pcm per unit but we are always open to negotiation. We guarantee to beat any other comparable quote you might receive. If the Terms and Conditions match ours then please ask what we can do to reduce the cost further for your Block.
Our fees are individually negotiated prior to a contract being signed and the terms of that contract will clearly state what the fees are. Our undertaking is that the fees will be kept as low as we can make them and that there will be no hidden extra charges levied on the Block at any stage.
We can offer Company Secretarial duties / Registered Office within our quote and many of the additional tasks we undertake on our behalf of our clients are conducted at no additional cost.
Whatever the negotiated Management fee, we do not charge a percentage fee of any works which we may arrange on your behalf. This company does not support the concept of taking a percentage ‘rake off’ from arranged contracts of works – a system adopted by many competitors. Arranging works and contracts is included in our low monthly fee. We do not charge an annual “up front” fee or an “end of year” top up fee, or make additional charges for postage or out of hours calls.
Should you wish to meet with the Directors of ‘ad interim’ Ltd to have an open & informal discussion about how we might be able to help you, then please contact us with a view to arranging a mutually convenient time & date. We are happy to travel to you. We look forward to hearing from you.
If you would like further information, please download a copy of our literature by clicking on the icon below. The document will open in your browser window. If you wish to save the document to your computer please right click with your mouse and select "Save target as"
If your property is already managed by us and you wish to access your property's own designated web page, please click on the icon below. Please note you will need to know the name of the property and the designated password in order to access the information for your particular property.
If you wish to contact us regarding our Block Management services please call 0800 6940398 or E mail us at blockmanagement@adinterim.co.uk
