Under the Building Safety Act, property managers and duty holders for higher-risk residential buildings face new and ongoing compliance responsibilities, including the Building Safety Case (BSC).
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Relying on outdated valuations, online calculators, or bank estimates often fails to reflect the true reinstatement cost, especially in complex or historic buildings.
Central to the leasehold reform debate is the role of property valuations, which underpin the cost of key transactions such as lease extensions and collective enfranchisement (where leaseholders purchase their building’s freehold).
Choosing between a desktop and onsite reinstatement cost assessment is about more than convenience. It is about protecting your block, fulfilling your legal obligations, and ensuring financial peace of mind.
Stay ahead with timely surveys, professional advice, and a solid understanding of when to act. It is the best way to protect your leaseholders, your building, and your peace of mind.
If your block’s reinstatement cost assessment (RCA) or insurance valuation has not been updated in the last few years, it may no longer reflect current rebuild costs.
Insurance should be a safety net, not a gamble. Make sure your policy is built on solid foundations, not outdated assumptions.
For Residents’ Management Companies, Right to Manage companies, and freeholders, the obligation to insure a leasehold property correctly is a legal duty.
Managing a property involves a myriad of responsibilities, and when it comes to communal areas, the complexities only multiply.
In the event of a fire, fire doors help protect escape routes and support fire compartmentation slowing the spread of fire.