Why Use An Agent

The management of long leasehold residential property is a complex business. This requires a full understanding of the structure and meaning of leases, a thorough knowledge of the statutory requirements of the respective landlord and tenant legislation (there are six key Acts of Parliament) and compliance with the recognised Codes of Practice.

In effect managing a block of flats is like managing a business which requires specific skills and time. A professional managing agent must:

  • have a full understanding of leases and relevant legislation.
  • comply with the Codes of Practice.
  • have an in-house team (and outside contractors) to deal with all aspects of managing the property.
  • be able to provide full accounting facilities for budgeting, service charge collection and year-end accounting
  • deal with arrears collection and disputes between lessees in an independent and fair manner.
  • most importantly, free up the lessees to enjoy their homes, avoid lessees becoming involved directly with disputes with neighbours and reduce the personal time that lessees would otherwise have to give in managing the property themselves.