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Managed by Pembroke
For a block of 32 flats which is part of a larger development in Anerley Park, near Crystal Palace, London.
Completed an RTM, addresses previous financial mismanagement and created a new budget
We prepared a budget and had it agreed with the directors of the new Right to Manage company for the block. The budget highlights were as follows:
The service charge estimate for the current year is 28% lower that the previous year.
A contribution of £7,000 will be made into the reserve fund. A well managed block has a suitable reserve fund. We encouraged the leaseholders to agree to build up the reserve fund. It is these small things that make your investment stand out from the others. It is one of the top ten questions asked by flat buyer’s solicitors.
An £700 saving made on the fire alarm maintenance contract
£1300 was saved on buildings insurance.
£1300 savings was made on gardening and cleaning.
If there is money left over towards the end of the year then it will be used to invest in LED bulbs to try to reduce the annual electricity bill of £3600.
The service charge estimate for the current year is 28% lower that the previous year.
A contribution of £7,000 will be made into the reserve fund. A well managed block has a suitable reserve fund. We encouraged the leaseholders to agree to build up the reserve fund. It is these small things that make your investment stand out from the others. It is one of the top ten questions asked by flat buyer’s solicitors.
An £700 saving made on the fire alarm maintenance contract
£1300 was saved on buildings insurance.
£1300 savings was made on gardening and cleaning.
If there is money left over towards the end of the year then it will be used to invest in LED bulbs to try to reduce the annual electricity bill of £3600.
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Managed by Jennings & Barratt
For the Shooters Hill estate, made up of 72 flats over three blocks
Completed a major works program
As managing agent, Jennings and Barrett was instructed by the Residents Association to manage the work. They quickly got the process underway to inform leaseholders of the proposals, raise funds, and invite tenders for the work. Using their in-house RICS surveyor, John Shine, a specification for the works was soon drawn up.
To minimise disruption to residents and to make funding easier on lessees, one block was completed per year, with a period of six weeks required per block. Within three years, the whole estate had a revamped look and all residents felt the revitalising effects in their day-to-day life
To minimise disruption to residents and to make funding easier on lessees, one block was completed per year, with a period of six weeks required per block. Within three years, the whole estate had a revamped look and all residents felt the revitalising effects in their day-to-day life
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Managed by Pembroke
For a converted office block in Tonbridge, Kent
Liaised with the new leaseholders and residents to answer any queries and help set-up the new RMC
We worked closely with the developer during the final stages and whilst leaseholders started taking occupation. We liaised with the new leaseholders and residents to answer any queries. It was at this stage that we were looking for Directors for the new Resident Management Company (RMC).
Once all the properties were sold a meeting was held with all the leaseholders. At the meeting the budget was reviewed and an explanation was provided about all about the services in the building and the costs associated with those services. The need for a suitable reserve fund was explained to leaseholders and they agreed an amount that should be allocated to the reserve fund every year
Once all the properties were sold a meeting was held with all the leaseholders. At the meeting the budget was reviewed and an explanation was provided about all about the services in the building and the costs associated with those services. The need for a suitable reserve fund was explained to leaseholders and they agreed an amount that should be allocated to the reserve fund every year
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Example Case Studies From The Agents We Work With
For a block of 32 flats which is part of a larger development in Anerley Park, near Crystal Palace, London.
Completed an RTM, addresses previous financial mismanagement and created a new budget
For the Shooters Hill estate, made up of 72 flats over three blocks
Completed a major works program
For a converted office block in Tonbridge, Kent
Liaised with the new leaseholders and residents to answer any queries and help set-up the new RMC
