Block Management



 

We have an ever growing value (currently in £millions) of property assets under our management across London and Essex. We manage a range of classifications from residential and office blocks to complex portfolios across a wide range of locations and sectors. The trust our clients place us speaks for itself.

 

From income/rent and service charge collections to building management, our team will provide optimum care of your property assets.

 

Our comprehensive property management service includes:

 

  • Rent collections and service charge administration
  • Active portfolio strategy
  • Planned maintenance initiatives
  • Tenant liaison
  • Health and safety administration
  • Facilities management
 

 

Commercial Block Management

Commercial Block Management

For our directors and since 2001 commercial property has been a fundamental core activity. We appreciate that the maximisation of return, balanced with the minimisation of expenditure is a key goal in commercial property investment. RealityProperties can help you achieve this goal through effective and efficient property management and we have a great many case studies to evidence our success in this area.

 

Our commercial management services are tailored to suit our client's specific needs & requirements. Virtually all property owners elect to have a completely hands-off approach and direct client contact is a regular feature of our management function.

 

Our service includes:

  • Collection of rents and other charges
  • Maintenance of buildings and their services
  • Accurate client account reporting
  • Property insurance reviews
  • Service charge budgets and reports
  • Regular property inspections
  • Staff management
  • Fire and Health & Safety compliance
 

 

We undertake regular property visits to ensure:

 

  • Tenant compliance with leasehold covenants.
  • Compliance with Health & Safety regulations
  • Ensuring timely maintenance & repairs
  • Service charge budgeting and annual accounts
  • Accurate client account reporting
 

 

 

Residential Block Management

Residential Block Management

As experienced managing agents, RealityProperties have an extensive existing client base with blocks throughout London. These include independent freeholders, property management companies, house builders and other residential landlords. We believe our service can rival that of any other block management companies.

 

At RealityProperties we pride ourselves in offering all the services any type of property manager might need including:

 

  • Dealing with the Freeholder's repair and maintenance obligations
  • Preparation and administration of ground rent and service charge demands
  • Preparation of annual service charge budgets
  • Providing annual reports of income and expenditure
  • Inspections to common parts at a frequency agreed with client
  • Advising on compliance with relevant leasehold obligations
  • Maintaining adequate insurance policies for the client
  • Advice on compliance with any statutory obligations, including notices
  • Attending all AGMs and directors meetings as required
 

 

Can we do anything else? Are you a property manager with a specific requirement? If so contact our team of managing agents who will be able to help

 

 

Block Management Services

Block Management Services

As full service managing agents we aim to provide every type of property manager with all the help and support they may need. Below is a list of our key London block management services, should you need further help please do not hesitate to contact one of our managing agents.

 

Property Maintenance

RealityProperties will undertake a full review of the property upon commencement of management. This will include a schedule of Major Works in addition to a cost analysis review of current contracts in place, to ensure you are getting the best value for your money.

 

Plan & Budget

Your managing agent will liaise with the Directors in order to agree a plan of repair and maintenance. In so doing, we can adequately budget for future works on your property and ensure that expenditure will be planned and under control.

 

Block Management Admin

You will be assigned a specific managing agent who will administer and supervise each active contract, reducing the number of unforeseen problems on-going.

 

Regular Site Visits and Reports

We undertake a site visit every three months and these detailed reports are logged on to our database - this is a proactive way of managing the more visual, day to day problems. The site visit reports are available for review by the Directors upon request and shall be held for the entirety of the contract with RealityProperties.

 

Contractors

RealityProperties utilise a close network of contractors spanning a multitude of specialisms, providing consistency and experience when attending to matters both inside and outside the property.

 

Legal Advice

RealityProperties can provide advice on all matters relating to the legal obligations of the Company. We will arrange for a periodic Health and Safety / Fire Risk Assessment to ensure that the property is compliant on an annual basis. We will also compose and issue Section 20 consultation notices to ensure that the company has fulfilled the necessary process in regards to consultation over Major Works.

 

Accountancy & Finance

RealityProperties uses market-leading software to allow clients' money to be monitored, providing the Directors with up to the minute statements. This ensures budgeting becomes highly accurate, whilst minimising property arrears. We will produce budgets in advance of the financial year end to allow consultation with Directors and for invoices to be sent out in line with the terms of the Property Lease.

 

Ground Rents & Service Charges

We can produce fully compliant invoices for Service Charge and Ground Rents as well as statements for Directors on any outstanding amounts. Our Accounts Department includes professional and experienced accountants who can aide with Service Charge and Company Accounts as well as providing up to date advice on any financial matters.

 

Company Secretarial

RealityProperties is happy to undertake the Company Secretarial duties for Residential Management Companies. Included in this service RealityProperties would maintain the Company Statutory Records and would become the Company Registered Address. We will also file company documentation such as Annual Returns and Accounts, and arrange for the documentation relating to Directorships to be filed in the necessary time frame. Upon the sale/purchase of the property we would be happy to undertake the share transfer as well as providing answers to any Solicitor's queries that may be requested. Costs for this service are available on request.

 

New Property Developments

Companies House and secretarial service developers, RealityProperties's London estate agents have vast experience in the management of new property developments ranging in size from small blocks to large blocks, estates to Freehold houses. Our involvement in a development can begin as early as the planning stage. We can advise on the compilation of Leases (if applicable) and in so doing ensure that practical elements of the property are considered along with the compilation of a budget. We can also administer the establishment of the Management Company and all contracts necessary to maintain the property going forward.

 

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