Category: People Interests
Those who deal with residential properties with long lease hold interests may well have heard of the famous ‘section 20’ notices which can get served when there are some hefty project works and costs on the horizon.
They stem from the Landlord & Tenant Act 1985 and are a neat way to calm down an ultimate freeholder, landlord, or management company getting carried away with repairs and projects works to the communal areas of a property and expecting each leaseholder-tenant to pay this through the service charge.
So maybe a fancy new redecoration job, or entering a large regular cleaning contract.
In short, this obliges the ultimate interest to send a series of legal notices to each long leaseholder - not only forewarning them of this...
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A cute little doggy might be the pride and joy of one occupier at a property, but a cause of endless frustration for other occupiers and interests.
And if you haven’t come across these sort of problems yet in property management, then brace yourself for when you do, for they can get personal and emotionally-charged.
Ideally, of course, this is all proactive, with everyone knowing what pets and animals are allowed to reside and visit properties, whether it's a regular dog, a series of cats all over the development, or some unusual species of snakes hidden in someone's home. However, the reality is that these things often crop up when you don't expect them to, and therefore you really need to nip them in the bud and deal with them early...
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Category: Services & Compliance
If you have a lift at a property, then you will know that they can be daunting pieces of kit to look after and manage. There can be a whole lot of technical-talk along with people’s fear of using and paying for them all coming to the surface.
However, like a lot of things in property management, the trick is to get the right balance; to not necessarily know all the answers yourself, but know those that do and make sure the right questions are being asked.
The Basics of Managing Them
We have an overview resource here of lifts in general, and a handy ‘CAP’ acronym. Firstly, get your C for compliance sorted, before then looking at the A actions you need to take to see the lift safely running.
This then all ends in a P for procedures and...
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Here 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.
Here 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.
Here 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.
Here 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
Here 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
Here 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.
Here 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
Here 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.
Here 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
Here 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.