In general, it is a good idea to keep savings for that unexpected expenditure and the proverbial ‘rainy day’.
A Reinstatement Cost Assessment (RCA) evaluates the estimated cost of reconstructing a property if it suffers major damage or total destruction.
Why does an apartment front door need to be a fire door? Fire doors have two important functions in a fire.
Everyone is currently looking at quick and easy ways to save money on their energy bills. We have listed a few simple tips to cut costs.
We are often asked by leaseholders what options are available to them for extending the term of their lease. There are essentially 3 options to extend a lease and reduce or completely eliminate the…
Monthly inspection checks apply to water, foam, co2, wet chemical and powder extinguishers. These monthly checks are quick, easy to do and shouldn’t take up too much time.
In this article we look to explain the importance of accurate Reinstatement Cost Assessment RCAs when it comes to insurance claims.
Understanding the origin of the rebuild value in an insurance…
Unfortunately, this is something all RMC directors must consider, but especially those with buildings in major cities. Terror threat levels in the UK have been fluctuating between ‘severe’ and…
The idea of ‘buying’ or ‘owning a leasehold flat’ is a misconception – perpetrated by estate agents in my opinion. It’s a misconception because you’re not buying the flat – you’re…
It can be surprising just how regularly they need to be checked and serviced. However, they’re a vital piece of equipment in the protection of people and businesses, so neglecting a fire…
Electric vehicles are becoming an increasingly popular option for motorists both in the UK and further afield – and with good reason. As we continue to learn more about our impact on the planet,…
There are a lot of considerations that need to be made when managing a block or property. From collecting service charges to managing everyday maintenance, an effective block manager will wear many…
A block management company is a professional property management company responsible for managing and maintaining communal areas and facilities in blocks of flats or apartments. These companies are…
Owning a property in any capacity is a huge responsibility that can come with a seemingly unlimited number of considerations. I mean, what happens if something goes wrong? What if you have to arrange…
While the name might draw up connotations of weddings and nuptials, ‘marriage value’ is actually a term used to refer to the value of a leasehold property. More specifically, it refers to the…
When it comes to the management of a building, you may hear a number of terms thrown around. It is understandable to assume that some of these terms – such as “property management” and “block…
For leaseholders living in a block of flats, the management of their block can make the difference between being a happy resident or being miserable.
Property management is a company hired to handle all of the day-to-day operations and responsibilities of a residential or commercial property, including upkeep, maintenance, tenant screening, and…
‘Condensation dampness’ is a condition that affects millions of homes in the UK. This guide should help you control and prevent condensation and mould within your property.
Non-payment of service charges and / or ground rents are often one of the main areas for disputes between leaseholders and landlords or their managing agents.
These are two fundamentally different forms of legal ownership
With a leasehold, you own the property (subject to the terms of the leasehold) for the length of your lease agreement with the landlord. When the lease ends, ownership returns to the landlord, unless…
We see quite a few misconceptions when it comes to leasehold properties. Some of the most common are briefly described below. I have bought my flat, you can’t tell me what to do. As a leaseholder,…
If you buy a leasehold property, you normally have to pay the freeholder “ground rent” as the freeholder is leasing you the land that the house is stood on. This is because as a leaseholder, you…
A solid, legally-binding lease is essential, but a good building management company is the key to making sure the obligations in the lease are kept.
During the course of the conveyancing process your solicitor may have discovered a restriction on the title to the flat in favour of the landlord or the residential management company that would…
This is a guide to the typical events in selling a leasehold property. It is good for leaseholders to have a general understanding of the process and how they can assist in the sale. One of the most…
We love block management and want to share some handy tips….
Both these terms refer to legal rights provided to all leaseholders under the Landlord and Tenant law, which must be upheld by freeholders. In return, freeholders are entitled to receive a premium as…
If your neighbour is making a noise that is causing you distress you are not alone as noise disturbance is by far the most common anti-social behaviour reported to the police, local authorities and…
A Absent landlord A landlord described as ‘absent’ is one who cannot be contacted. If the lessees want to form an RTM company but are unable to contact the landlord, they can make a legal…
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