Resources Blog

blog yellow circle pmgHere are a range of blog resources that we've placed into 10 categories to help focus on the type of property-management help you need - Condition & Repairs, Rent Monies, Non-Rent Monies, Insurance, People Interests, Sales & Lettings, Leases & Titles, Taxes, Services & Compliance, and General.

Getting Property Schedules of Conditions (& Inventories) Right First Time

schedule of condition inventories property management guideThese are surprisingly not understood and applied as much as they should do, with people not realising the potential of these.

Often known as Schedules of Condition with more commercial properties, or Inventories with residential ones, they’re basically a document logging the condition of the property before a tenant takes a new lease there.

Often full of pretty pictures, they describe just how good or bad the condition of the property is and what repairs already exist – the idea being that the tenant is not responsible for those that already exist, but only those that appear afterwards as the property’s condition deteriorates.

It does make sense really, particularly when standard repair clauses in leases can make a tenant liable for...

Read more ...

Write comment (0 Comments)

The Killer ‘Jervis v Harris’ Enter-and-Repair Clause in Commercial Property Leases

jervis harris enter repair clause property management guideThese are potent clauses in leases for commercial properties, which most people don’t fully realise. And although designed to sting and hurt a tenant, a landlord can still catch a cold with them as well.

Of course, there is usually a repairing clause in such leases where the tenant has to keep the property in good condition. And if they don’t, then there can be talk of say a landlord serving a Schedule of Dilapidations on the tenant to force these or receive monies for not doing them.

But then another type of clause emerged in the nineties after the court case of Jervis v Harris in 1996, hence the phrase ‘Jervis v Harris’ clause.

The Basic Procedure

Such clauses allow the landlord to do four things:

1. Enter the Property to Inspect...

Read more ...

Write comment (0 Comments)

A Whopping Summary of the Dreaded Property ‘Dilapidations’ Liability

dilapidations property management guideJust the mention of the ‘D’ word can send shudders down a tenant’s or landlord’s spine. If can appear all theoretical until you realise just how severe it can affect property interests and your purse – that’s the dreaded ‘dilapidations’ liability.

In short, this is a list of alleged breaches of the lease to do with keeping the property in repair. It’s therefore often issued by a landlord on a tenant wanting them to ensure that the building is in ship-shape either when they leave at the end of the lease, or during the main lease term.

This tends to affect commercial property more where you’re dealing with bigger repair issues, costs and tenancies, where the nature is that a tenant must keep things well maintained during the lease, but it...

Read more ...

Write comment (0 Comments)
Rent Monies

blog yellow circle pmgHere are various blog resources related to the rent that is paid at properties, whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees. 

 

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.

 

Insurance

blog yellow circle pmgHere are various blog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.

 

People Interests

blog yellow circle pmgHere are various blog resources related to all the different property interests, from landlords & tenants, to investors & occupiers, to all other third-party interests. These cover general factors to consider for a particular interest, to more detailed issues to resolve for a particular course of action.

 

Sales & Lettings

blog yellow circle pmgHere are various blog resources related to the sales & lettings of a property, and all related transactions. Whether you're involved in these directly yourself, or you're working with other sales/letting agents and interests, these help highlight important property managemnet factors to consider.

 

Leases & Titles

blog yellow circle pmgHere are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.

 

Taxes

blog yellow circle pmgHere are various blog resources related to all the taxes involved with property interests, from VAT and SDLT, to income and capital gains, to rates and council tax. These will help you work alongside other accounting and tax advisors to make sure you cover all bases to reduce your overall tax liabilities.

 

Services & Compliance

blog yellow circle pmgHere are various blog resources related to the services and compliance at a property. These range from say your fire and health and safety compliance, through to services like cleaning and utilitities. These resources help provide an overview of each area without getting too technical, so you can plan it all in at the right time and best cost.

 

General

blog yellow circle pmgHere are various blog resources related to any other general subjects involved with properties and their interests. So whether it's the basics of property management, or more specific property issues and queries that don't naturally fall in the other categories, you'll find them all here.

 

Condition & Repairs

blog yellow circle pmgHere are various blog resources related to the condition of a property and any repairs and alterations required, with sub categories of Condition and Repairs. Whether it's a reactive roof repair, pro-active maintenance plan, or carefully-chosen contractor - these help explain how to effectively keep properties in the right condition.