Non-Rent Monies

blog yellow circle pmgHere are various blog resources related to non-rent monies and payments, for example service charges, fees, and other costs and charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.

 

How to Squeeze Service Charge Accounts From a Residential Property Landlord, Beyond the Landlord & Tenant Act 1985

service charge accounts request landlord tenant act1985 property management guideIf you’re a tenant of a long leasehold residential property then you have a raft of legislation protecting you and providing all kinds of rights.

One of these is to force a landlord to provide the full service charge accounts and actually show the invoices and receipts. When you’ve been having iffy service and questionable changes, this can be essential to help dig deeper into where on earth all the service charge monies disappear to.

The technical piece of legislation that provides this right is under Sections 21 and 22 of the Landlord and Tenant Act 1985 (LTS 1985), and there’s already plenty of legal information available to explain the detail and even send a letter off to the landlord - one good example is the here at Lease...

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Don’t Be Daunted by a ‘Deposit’, Here’s Some Practical Pointers

deposits property management guideYou often hear reference to a ‘deposit’ being needed with properties, which can appear as a mysterious amount of monies that must be paid by one party when there’s something happening at a property, often a new letting or sale. It’s often a significant sum where there’s talk of getting it back or being deducted from a cost somewhere along the lines.
 
Therefore, they’re important things to understand. Whether you’re the person having to pay it, the party having to receive and hold it, or a middle man looking to manage and process it.
 
There will be various information around regarding the technicalities of what a deposit means in your situation, which is important to look into. Alongside this, you need a few practical...

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Agreeing the Best Property Management Fees

property management fees property management guideThe property management fees you incur can be very illusive, often just left as a rough benchmark of, say, 10% of something, or a one of cost of something else. As the nature of property management is both long-term and involving other bolt-on services, then it’s important to get right to the bottom of what the actual property management charges and costs will be for you. You can then go in correctly budgeted and being able to compare with other like-for-like proposals.
 
These tend to be charged by management companies or property managing agents, as the intermediary who manages property for clients. Individual property managers may work independently, but make sure you establish who the official entity is who carries out the...

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