Why use a Managing Agent?
- The management of long leasehold residential property is a complex business requiring a full understanding of the structure and meaning of leases, a thorough knowledge of the ever changing statutory requirements of the various landlord and tenant legislation (there are several key Acts of Parliament). Every lease is individual and therefore the experience of a professional property manager is essential for proper interpretation.
- Property management is a time consuming business, by employing a property manager freeholders and management companies can free up the time that they would otherwise have to devote to managing the property.
- Property management involves many financial aspects. A property manager can provide full accounting facilities for budgeting, service charge collection and year-end accounting.
- A property manager is an objective third party who can deal with arrears collection and other disputes between lessees in an independent and fair manner saving embarrassment and ill feeling between neighbours.
- Property managers provide continuity during changes of officers in a management company.
- Property managers have experience in all aspects of property management.
- Property managers have a professional approach. All members of ARMA endorse, accept and undertake to comply with the Code of Practice relating to service charges published by the Royal Institution of Chartered Surveyors and as approved by the Secretaries of State for England and Wales under the terms of Section 87 of the Leasehold Reform, Housing and Urban Development Act 1993.
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