- Category: General
- Published: Saturday, 16 December 2017 21:08
When managing residential properties you often think of two scenarios. Firstly, where a single house is let out, often on a short-term AST agreement by maybe the property owner landlord direct.
The second is a larger blocks of flats with multiple dwellings which then involve various communal areas like a staircase or external garden, over-and-beyond the issues directly relating to each tenant. Typically these are ‘sold off’ on long leasehold interests, although you can have just multiple shorter-term residents paying a rent and which has developed into a new PRS (Private Rented Sector) market.
It’s this second scenario where property management skills are truly needed, not only to wade through all the obligations and legalities...