What is Block Management?
Block management involves us at Premier Red Property looking after every aspect of a block of flats, apartments or properties from A – Z. Block management means taking care of the service charge collections, insurance policies, property maintenance and repairs; both proactively and re-actively, service charge arrears, cleaning services and much more.
Rather than having to do all of the work yourself, using a credible company such as Premier Red Property means you will have time to focus on what you need to, rather than having to contend with the finer details involved with managing the freehold of your development. With block management from Premier Red Property, you can be sure that you will receive the full package, with our team having decades of experience in maintaining the very highest standards.
Our portfolio managers take to heart the interests of not only the landlord and owner of the block, but the interests of the leaseholders living there, allowing all parties involved to relax. We will collect the ground-rent and service charges from all of the leaseholders and will chase up those that are late to pay, saving you the time, effort and money of having to do so yourself.
We also have a dedicated team of solicitors on hand, should any leaseholders not pay their ground-rent or service charges.
When we say that we take care of everything we mean just that. Whether your block has many flats or perhaps just a few, we will ensure that the property and its communal areas are spotless, we will ensure that the gardens are kept clean and tidy and we will make sure that any neighbour disputes are resolved to all parties’ satisfaction, saving you the headache of endless phone calls from leaseholders.
Our portfolio management team always keep track of all the monetary matters. They will keep accurate, up to date records on who has paid and how much, who owes what and how much money is left over after all the service charges have been paid. We will even provide you with regular reports on the property and its current state.
Why claim your Right to Manage?
If you live in a block of flats and do not have a say in who runs that block then you can benefit from the Right to Manage process. The right is available to all flat owners, in all blocks, where they fulfil the following criteria:
- At least 50% of the flat owners within the physical block of flats must want to go through the process.
- At least two thirds of the flat owners within the physical block must have long leases ( more than 21 years at the time of issue).
- No more than 25% of the block may be used for non-residential use (excludes car parks and common areas connected with the flats).
If your block fulfils these criteria then it is highly likely you will be able to go through the Right To Manage process with 100% success. There are a small number of technical legalities that can prevent some being eligible so you should discuss with our sales team beforehand whether to progress your claim as one claim or several for your complex.
If you find that you are not eligible for the process, we may be able to help by offering to assess the issue you have for a fixed fee and then in come cases, it may be possible to make an application to the First Tier Property Tribunal.
Other Costs & Information
There are a few other things that you must know before proceeding with the Right to Manage process:
The Freeholder’s reasonable legal costs
If you go through the process, you are liable to pay the reasonable legal costs of the freeholder. These, in our experience are claimed in most cases so you need to ensure you are prepared for the possibility of additional costs. This is, however, a charge levied by the freeholder’s solicitors and so we would have no control over this. If they do levy a charge and you consider it too high then you can apply to the First Tier Property Tribunal for them to determine this. We can do this for you but only if you are successful in the Right to Manage claim and we are appointed as managers for your block.
First Tier Property Tribunal
If a counter notice is received then an application must be made to the First Tier Property Tribunal. There is no alternative to this, even though it is highly likely that the freeholder will have no valid reason for the counter notice. Premier Red Property charges £2500 including VAT for the preparation of the application and attendance to the hearing. It is always advisable to attend the application to argue the case otherwise all details may not be fully considered by the panel. As we have all the information to hand, applications are likely to be cheaper and more accurate than those prepared by a solicitor. The application should be made immediately as there are time limits, so we would advise that you decide promptly. In the rare event that your claim may not be successful at the tribunal, you would be liable to pay the reasonable legal costs of the freeholder in attending the hearing.
Premier Red Property has a wealth of knowledge and experience in this field and much of this information is on our website. We constantly review the data on the site following reviews of case law, however, if you can’t find the answers you are looking for, please contact us by phone on 0754 781 5685 or by contacting us and one of our experienced staff members will get back to you.