Residential Block Management



Similar documents
ADVICE NOTE SERVICE CHARGE ARREARS. How to deal with service charge debts in your block

ADVICE NOTE SERVICE CHARGE ACCOUNTING BEST PRACTICE. A summary of best practice for service charge accounting

ADVICE NOTE UNDERSTANDING RESIDENTS MANAGEMENT COMPANIES. A guide to the differences between being a leaseholder and a shareholder

Residential Long Leaseholders. A guide to your rights and responsibilities

Why Choose John Mortimer Property Management Limited

Property Manager. 1. The Application Process. How to apply

SERVICE CHARGES and other issues

H 7. Factoring Policy. If you require this policy in a different format please ask a member of staff. Date of Approval Oct 12 Review Due Dec 15

PROPERTY MANAGEMENT AGREEMENT [HEREINAFTER REFERRED TO AS. hereby appoint QUADRANT PROPERTY MANAGEMENT LTD

national consumer agency gníomhaireacht náisiúnta tomhaltóirí putting putting consumers first Property Management Companies and You

FACTORING SERVICE BLOCKS AND COMMON PARTS

WRITTEN STATEMENT OF SERVICE /TERMS AND CONDITIONS OF SERVICE

CSENSE LTD. Block Management Agreement

Property Management (Factoring) Policy. Approval date July 2014 Review date July 2017 Approved by Link Group Board.

LEASEHOLD PROPERTY ENQUIRIES

ADVICE NOTE BUYING AND SELLING YOUR FLAT. A summary of the typical events when buying and selling a leasehold flat

How to buy more shares in your home

Property and Asset Management

AIMS Information Sheet

Property Management Proposal Information

Frequently Asked Questions on The Management of Long Fox Manor

Management company - leasehold questionnaire and documents to be supplied

The Letting of. A guide to good practice and related issues

Services to owners Policy

Mr and Mrs Sample and future owners or occupants of the Property and Your/their mortgage lender(s).

Block Management Brochure

ADVICE NOTE FREEHOLD HOUSES ON PRIVATE ESTATES. A guide for freehold homeowners paying service charges

SILVERDALE COURT. Service Charge Accounts. For the Year Ended 31 March 2012

ADVICE NOTE FORMING A RESIDENTS ASSOCIATION. A quick guide to forming a residents' association for your block

PROPERTY MANAGEMENT AGREEMENT

CO-OPERATIVES. The setting of homeowner service charges. The CDS Policy CONTENTS. Policy. Appendices. Homeowners Manual; Section 3 (1)

Subject: Appointment of a Rapporteur to Review Service Charges in London

COSCER INTRODUCTION. development and in-housç traini g. Our office systems are of C O S C E R

Tariff. A tariff of charges for our. Mortgage Services

Construction (Design and Management) Regulations 2007

Delivering flexible service solutions in Ireland.

Sutton Housing Partnership Job Description and Competency Based Person Specification

Redeeming your equity loan

BUIDHEANN TIGHEADAS LOCH AILLSE AGUS AN EILEIN SGITHEANAICH LTD LOCHALSH AND SKYE HOUSING ASSOCIATION STATEMENT OF FACTORING SERVICES

Policy for the Management of Asbestos in Council Premises (Corporate and Housing)

ADVICE NOTE CHANGING MANAGING AGENTS. A guide to changing managing agents and ensuring a smooth handover

WRITTEN STATEMENT OF SERVICE /TERMS AND CONDITIONS OF SERVICE

Understanding Your Lease

Proposed review of service charges in London Appendix 1

Senior Accountant Position Description Housing Resources Group (HRG)

The following services are being offered and can be sub-categorised as follows:

Audit Program for Fixed Assets

WESTERBY TRUSTEE SERVICES LTD PROPERTY PURCHASE GUIDE

Asbestos Policy & Procedure

Downloaded from Datalog REGISTERED NUMBER: (England and Wales)

Special Report. How To Sell Your Home Fast at No Cost To You! Avoid The Cost, Stress And Delay Of Selling On The Open Market.

Isle of Man Financial Supervision Commission. Business Plan Guidance for Licence Applicants

The policy and procedural guidelines contained in this handbook are designed to:

Service Charge Loans 1 Policy

Explaining Our Service Charges

FMCF certification checklist (incorporating the detailed procedures) certification period. Updated May 2015

LONDON BOROUGH OF ENFIELD CORPORATE DEBT MANAGEMENT POLICY

ADVICE NOTE EMPLOYING CONTRACTORS. How to go about employing competent contractors

COMMERCIAL PROPERTY Improving asset value with building defects insurance

LEASEHOLD MANAGEMENT POLICY

Saffron Building Society Mortgages Savings Investments Insurance Loans. Residential mortgage conditions.

JOINT INSOLVENCY EXAMINATION BOARD

Buying more shares in your home or staircasing

Accounting for Lessees Money - An interim guide for managers, accountants and their clients

Management Companies A Property Owner s Guide To Company Law

Sage One Accounting Benefits and Frequently Asked Questions

for Sage OVERVIEW

Rider Levett Bucknall. Taxation Services Executive Summary. state of mind

Victoria No. 3 Health Services Union. Ratified Salary Schedule

Leaseholders Handbook

Property, Stock and Business Agents Act Director General s Guidelines for Continuing Professional Development.

Leasehold Services Riverview House Beavor Lane W6 9AR

APPOINTING A MANAGING AGENT

UK MOTOR EXAMPLE BESPOKE CLAIMS PROCEDURE

SAMPLE CONDOMINIUM FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009

GUIDE TO HS2 PROPERTY SCHEMES. London-West Midlands (Phase One)

Table of Contents. 1 P a g e

Flood claims Your claim what happens next?

Payment Standard. Benefits Service

Transcription:

Residential Block Management Block Management Company Secretariat Right to Manage Building Surveyors

Our Focus: Regular Inspections: Property Managers visit buildings at least every six weeks, and more often when necessary. They use their ipads to go through Check Lists and Health & Safety Inspection Reports, and action points are picked up immediately by the Administrators back in the office. Efficient Back-up: Property Managers work in teams of three, with one office based support Administrator for two Property Managers, one of whom is Team Leader. One Point of Contact: Each building has a dedicated Management Team. Every owner is given a Direct Line Number for the office based Property Administrator, and another for the Property Accountant who can answer service charge queries. Budget Control: Property Managers set Budgets and approve Expenditure. They can monitor the Balance Sheet and Expenditure against Budget on a daily basis.

Customer Service Audits: Accountability is at the heart of our service. Each year we aim to get Service Charge Accounts certified or audited within six months. For many years HSCPM have worked with independent auditors K+H Accountants, who are now instructed on most of the HSCPM managed buildings. Company Secretariat: We can act as Company Secretary if you are a Residents Management Company or a Right-To-Manage Company. We arrange AGMs and EGMs and maintain the Statutory Books. Electronic Filing: Websites: Budgets, Quarterly Expenditure against Budget, Last Year s Accounts, Insurance Information and general management details are available on-line for an increasing number of buildings, password protected. 24 Hour Emergency Cover: HSCPM have a comprehensive list of Contractors, and provide each resident with a card showing out-ofhours emergency call-out numbers. For emergencies and small repairs we use associated company Ashby & Horner Ltd for flexibility and control. A&H can also provide private handyman and decoration services to owners. File Stream software enables anybody in the office to retrieve quickly emails, letters, invoices, leases, contracts, reports and other documentation, so that we can respond to your queries promptly.

Building Surveyors: Our Building Surveyors look after the Major Works projects carried out on buildings, issue s20 Consultation Notices, and also prepare 20 Year Property Maintenance Plans and Insurance Re-Valuations. They handle major insurance claim work, act as CDM Planning Supervisors, and carry out Asbestos Surveys. Insurance: Building Insurance Cover can be offered as part of our group portfolio, providing savings through the benefit of bulk buying. A simple claims process has been agreed with insurers to prevent delay and inconvenience. Right to Manage: Our Company Secretariat have helped a significant number of buildings go Right to Manage, and now have considerable experience of the problems that can be encountered. LVT: Increasingly Residents Management Companies, Right to Manage Companies and Landlords are making use of the Leasehold Valuation Tribunal to settle service charge disputes. HSCPM have built up considerable expertise with the Tribunal, and act as LVT appointed Managers on several buildings. Best Companies: HSCPM have achieved Best Companies Ones to Watch accreditation, and next year aim to get uplifted to star status and achieve a place on The Sunday Times list of Best Small Companies to Work For. Debt Collection: HSCPM work closely with specialist Debt Collector London Debt Collectors Ltd, one of the small number of debt collectors specialising in Service Charge recoveries. London Debt provides an excellent service, being firm but fair, and as a result HSCPM have been successful in keeping arrears to a minimum.

Cash Control Accounting Information: Fast accounting information is provided to Boards of Directors of RMCs and RTMs, and Landlords. Service Charge payments are normally up to date by lunchtime each day, so that arrears can be monitored on a daily basis. Expenditure items are normally approved and entered within about a week of receipt. Printouts: Accounting information can be emailed as Excel spreadsheets or PDF files. HSCPM use standard formats based on the P&L and Balance Sheet formats well-known to accountants and business people. Expenditure against Budget: Where required, we send out to all owners a quarterly schedule of unaudited Budget versus Actual Expenditure (BvA) together with a Balance Sheet. These simple documents allow anyone to monitor all the costs, and see the state of the cash balances. This avoids nasty surprises. Reserve Funds: HSCPM recommend the preparation of a 20 Year Property Maintenance Plan to justify the annual Reserve Fund collection. This can be prepared by HSC Building Surveyors.

London Agency Offices Hurford Salvi Carr Property Management T: 01992 500040 Hurford Salvi Carr Building Surveyors HSC Building Surveyors 4 Castle Gate T: 01992 515584 Company Secretariat T: 01992 515592 Commercial Management T: 01992 501000 Lettings Management T: 01992 515571 www.hscpm.co.uk www.hurford-salvi-carr.co.uk West End 39 Store Street, London WC1E 7DS Sales and Lettings T: 020 7299 3322 E: westend@h-s-c.co.uk City 37-41 St John Street London EC1M 4AN Sales and New Homes T: 020 7250 1012 E: sales@h-s-c.co.uk Clerkenwell One Britton Street London EC1M 5NW Lettings T: 020 7490 1122 E: lettings@h-s-c.co.uk Commercial T: 020 7566 9440 E: commercial@h-s-c.co.uk Development & Investment T: 020 7566 9444 E: investments@h-s-c.co.uk Docklands 9 Branch Road London E14 9HS Sales T: 020 7791 7000 E: sales.docklands@h-s-c.co.uk Lettings T: 020 7791 7011 E: lettings.docklands@h-s-c.co.uk