What Is a Managing Agent in the UK Explained
A managing agent is a professional firm brought in to handle the day-to-day running of a residential block of flats. They’re appointed by and answer to the freeholder or the Residents’ Management Company, acting as the vital link between residents and the property owner. Their job covers everything from collecting service charges and arranging repairs […]
Your Guide to Resident Management Companies
A Resident Management Company (RMC) isn't some complex, faceless organisation. It’s a non-profit company set up to put the leaseholders—the people who actually live in the building—in the driving seat. It gives them direct control over managing and maintaining the shared parts of their property, from the gardens and hallways to the roof and foundations. […]
Service charge accounting: A clear guide for landlords
Service charge accounting is the specialised process for managing money collected from leaseholders to pay for the upkeep of shared areas in a property. Think of it as managing a transparent, legally regulated ‘communal pot’ for a block of flats, which covers everything from cleaning and gardening to major repairs and buildings insurance. Decoding Service […]