In leasehold management, disputes may arise between the freeholder of the property and one or more leaseholders. This PMMS article discusses some of the issues that can cause disputes and how they can be avoided by an effective managing agent.
In the past setting-up a managing agents was easy, however, managing agents face a shake-up of Regulations, Qualifications and Licensing in the wake of leaseholder complaints and Lord Best’s report. This PMMS article highlights the changes that RMC directors need to be aware of when evaluating managing agents.
Following the recent tragedy in West London and a number of smaller incidents, many people’s thoughts have turned to fire safety in purpose built blocks of flats and conversions.
While we all know we carry an element of personal responsibility for our own safety, we still expect those in authority to be “more” responsible. In a block of flats, this extends to the Directors of the Residents Management or Right to Manage Company. Directors, leaseholders, freeholders and managing agents must work together to ensure fire safety in purpose built blocks of flats, it’s not a job any one of these parties can do alone.
A Director of a Residents Management Company has the same legal and statutory responsibilities of any Director of a Limited Company (as well as responsibility for a range of Operational matters for their Block or Estate). As a Director you may be fined, prosecuted or disqualified if you don’t meet your responsibilities as a Company Director, so to help you avoid this here is part 1 of our guide to what these responsibilities are and how to ensure the best results when undertaking them.
There are many reasons why you may wish to rent out your home, such as moving in with a partner or a short term job relocation. However if you own a flat, it may not be as simple as it sounds. Here is our guide to help you avoid the pitfalls when subletting your property.