A well planned sinking fund ensures that you can handle major repairs or replacements without relying on sudden, unexpected contributions from leaseholders.
Browsing: Maintenance
Older residential blocks bring a unique charm and character that many residents love; high ceilings, ornate cornicing, period facades and spacious layouts.
Rising construction costs, economic uncertainty and unexpected issues can put pressure on even the most carefully planned budgets.
When deciding on the type of maintenance and maintenance company you require, it is important to remember servicing should be about preventative maintenance.
From rising energy prices to climate-conscious residents, there is a growing need for blocks of flats to embrace environmentally friendly solutions.
For Residents’ Management Company directors, this reactive approach to building maintenance often ends up costing far more in the long run.
A well-crafted plan protects the building, ensures resident wellbeing and contributes to financial stability.
An effective and proactive RMC is more than just a legal structure. It is the link between residents, managing agents, contractors and the freeholder.
Leaseholders who have formed an RMC to handle the running of their listed, residential flats have a few unique rights and responsibilities.
Under UK law, there are specific legal obligations to ensure that communal areas are safe, accessible and properly insured.