Residential buildings generate a surprising amount of financial information, but making sense of it as a whole is harder.
Browsing: Service Charges
While managing agents have legal responsibilities to meet, there is also an opportunity to explain the process in a way that builds understanding and trust.
By marrying Earl Kendrick’s engineering precision with Fixflo’s digital compliance engine, property managers can finally eliminate Section 20 anxiety.
Understanding the impact of arrears and the importance of dealing with them promptly and fairly is a vital part of successful block management.
Effective reserve fund planning is one of the most important tools available for maintaining a well-run and financially stable block.
Alongside mortgage payments, there are service charges, reserve fund contributions and, at times, significant costs for major works.
JB Leitch’s Associate Director of Legal Katie Edwards, looks at a recent case Upper Tribunal case.
Many disputes arise from misunderstandings, poor communication, or a failure to follow correct legal procedures.
Major works are vital for maintaining the safety, structural integrity, and value of a block and its flats.
Whether it’s roof replacement, façade repair, window renewal or fire safety upgrades, these projects are essential for the long-term health of the building.