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.
When tragedy strikes and you need to make an insurance claim, it’s paramount that you get exactly what’s owed to you. An important factor in ensuring a correct reinstatement value is an accurate valuation, which can be prove difficult to the uninitiated.
Around this time of year, many of you will be receiving service charge notices. For the uninitiated, we’ve assembled a helpful guide for you to understand these charges and how they affect you.