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For a small block in South London
Completed a service charge review, an RTM claim and building improvements
Completed the RTM process to ensure the customers had the legal power to change spending and accounting decisions
Service charge review over all types of expenditure - to find out exactly where money was being badly spent; Arranged new suppliers where we felt was overcharged and stopped spending on areas we thought were unnecessary;
Created a new accounting system, to deliver regular accounts and deliver these directly to the customers - ensuring they understood where the money was being spent
Service charge review over all types of expenditure - to find out exactly where money was being badly spent; Arranged new suppliers where we felt was overcharged and stopped spending on areas we thought were unnecessary;
Created a new accounting system, to deliver regular accounts and deliver these directly to the customers - ensuring they understood where the money was being spent
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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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Purpose-built block of 149 Leasehold flats
Overseeing of Section 20 work to externals of all blocks, for a contract sum of £250,000.
Repainting and repairing windows, french doors, woodwork and metalwork (balconies and railings) and render.
Repainting and repairing windows, french doors, woodwork and metalwork (balconies and railings) and render.
Red Rock was instructed by the Residents Management Company to manage and oversee the cyclical external decoration work.
Red Rock administered the Section 20 as part of their management fee (at no extra cost) and secured a contract with a local company, saving around £200,000 in comparison to the most expensive quotation issued in the Statement of Estimates.
Since management, Red Rock had been continuing to build a healthy Reserve Fund which meant that none of the Leaseholders had anything extra to pay for the major work to be carried out.
Red Rock administered the Section 20 as part of their management fee (at no extra cost) and secured a contract with a local company, saving around £200,000 in comparison to the most expensive quotation issued in the Statement of Estimates.
Since management, Red Rock had been continuing to build a healthy Reserve Fund which meant that none of the Leaseholders had anything extra to pay for the major work to be carried out.
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Example Case Studies From The Agents We Work With
For a small block in South London
Completed a service charge review, an RTM claim and building improvements
For the Shooters Hill estate, made up of 72 flats over three blocks
Completed a major works program
Purpose-built block of 149 Leasehold flats
Overseeing of Section 20 work to externals of all blocks, for a contract sum of £250,000.
Repainting and repairing windows, french doors, woodwork and metalwork (balconies and railings) and render.