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Block Management
Jones Associates has over 30 years experience of managing blocks of
flats of all sizes and types from new build properties to listed
building conversions.
Jones Associates can act as Agents for the Management Company
answerable to the Directors of the Company or act as Directors of the
Management Company itself. We have a good working knowledge of
the Companies Act 2006
As part of their service Jones Associates arrange Annual General
Meetings with an Agenda, Budget and Accounts, where necessary
Extraordinary General Meetings can be arranged. We are able to
take responsibility for ensuring that accounts and annual returns are
submitted to Companies House.
Jones Associates have a team of accomplished contractors to deal with
everything from general maintenance to more specialist requirements
where gas and electricity are involved.
Jones Associates always sets up an individual account for each block
that is managed.
We can assist in setting up the Management Company, arranging a budget
and setting up the original contractor team, insurance etc, for this
there is a charge dependant on the number of flats in the block.
For ongoing management there is a monthly charge of 15% of the income
plus v.a.t.
Right to Manage
The Commonhold and Leasehold Reform Act 2002 provides opportunities for
flat owners to run their own buildings. Typically running your
own company will save in the region of 30% of the annual running cost,
this will improve the value of the properties providing it is done
properly. Right to Manage does not necessarily mean self
management for the owners but it does mean that whoever runs the
building reports to the owners.
Obtaining the Right to Manage your block of apartments can be a
complicated but ultimately worthwhile process, we would never recommend
that Owners attempt to undertake this themselves as failure can lead to
delays.
The Head Landlord has an obligation to hand over the reserve/sinking
fund.
On a development each block must apply requiring a minimum of 50% of
the block supporting the right to manage.
The freeholder can challenge the right to manage. The freeholder
can pass a new Right to Manage claim to their Solicitor to scrutinise
the application to look for reasons to reject the claim.
Where cases are disputed they can ultimately be decided by the
Leasehold Valuation Tribunal.
The time scale from start to finish is usually between 4-5 months
assuming the process has been carried out to the letter.
The power from the head lease passes to the Management Company
If Owners of flats become Directors of the Management Company they need
a good working knowledge of the law and also be prepared to dedicate
time and energy to dealing with issues from the mundane to the legal.
Jones Associates can advise and assist, fees are charged relative to
the number of apartments available and also the number of Owners
supporting the application.
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