RMC/RTM COMPANIES
If you are a Director of a Residents’ Management Company or a Right to Manage Company and are looking for new Management, we are here to help you every step of the way.
Whether the Management of your property has been good, bad or indifferent we aim to provide a service to our clients that is completely transparent, efficient and cost effective.
We have a dedicated team of portfolio managers and administrative assistants with a wealth of experience in all aspects of residential property management.
With any development, and with the amount of legislation which you have a duty to comply with, we understand that there will be certain issues which arise from time to time. However, by involving us in the Management of your property we are able to quickly and efficiently deal with any such issues as they arise.
In order to protect your investment and to ensure the smooth and efficient running of your property we:
- Provide a dedicated Portfolio Manager to manage your property who will also be the day-to-day point of contact for individual leaseholder enquiries
- Ensure that you meet all current property legislation including, but not limited to, The Regulatory Reform (Fire Safety) Order 2005 and The Management of Health & Safety at Work Regulations 1999
- Re-tender all contracts in place at the property from our own pool of tried and tested contractors to ensure that you are receiving the best possible service at the most affordable cost
- Meet with you on a quarterly basis to review all matters, financial or other, for complete transparency and to take forward your instructions in an efficient manner
- Take away your day-to-day issues leaving you to focus on key management issues and decision making processes only.
If you would like to discuss your requirements and obtain a fee quotation for our services please feel free to contact us and we can discuss your requirements and the necessary next steps involved in appointing a new Managing Agent.
FREEHOLDERS
Islington Properties works for numerous ground rent investors and individual, corporate and developer freeholders and aims to provide a service to our clients that is completely transparent, efficient and cost effective. We believe this is invaluable in protecting and maximising the value of your investment.
We have a dedicated team of portfolio managers and administrative assistants with a wealth of experience across all aspects of residential property management.
In order to protect your investment and to ensure the smooth and efficient running of your property we:
- Provide a dedicated Portfolio Manager to manage your property who will also be the day-to-day point of contact for individual lessee enquiries
- Ensure that you meet all current property legislation including, but not limited to, The Regulatory Reform (Fire Safety) Order 2005 and The Management of Health & Safety at Work Regulations 1999
- Ensure that the Ground Rent demands are served to the Lessees in accordance with the requirements of Section 166 of the Commonhold and Leasehold Reform Act 2002 and ensure the swift collection of monies due
- Meet with you on a quarterly basis to review all matters, financial or other, for complete transparency and to take forward your financial and management instructions in an efficient manner
- Take away your day-to-day issues leaving you to focus on key management issues and decision making processes only
As you may be aware, there are tools available to long leaseholders of blocks of flats to either acquire the Freehold Estate (also known as collective enfranchisement) in accordance with the Leasehold Reform Housing and Urban Development Act 1993 (as amended by the Commonhold and Leasehold Reform Act 2002) or take away the Landlords Management functions under the Lease via the Right to Manage in accordance with the Commonhold and Leasehold Reform Act 2002.
The long leaseholders do not need to provide evidence that the management of the property has been bad or indifferent in order to acquire the Right to Manage nor do you have to offer the sale of the freehold interest to the long leaseholders in order for them to collectively enfranchise; in light of this we provide a different management approach for freehold clients than some of our competitors to significantly reduce the risk of the long leaseholders collectively enfranchising or acquiring the Right to Manage.
This is achieved by providing the long leaseholders with a completely transparent service, keeping them fully informed of developments within the property by way of quarterly update reports, holding Residents’ Meetings on an annual basis and actively monitoring Service Charge expenditure which in turn, reduces the likelihood of significant increases from one year to the next. This ensures that we have a strong relationship with leaseholders and they do not generally feel a need to seek alternatives.
If you would like to discuss your requirements and obtain a fee quotation for our services please contact us and we can discuss your requirements and the next steps involved in appointing a new Managing Agent.
DEVELOPERS
We offer a bespoke management service to developers, understanding the different needs of each client. As your development approaches completion, we can assist in setting the building up ready for occupation.
Our management package includes essentials such as setting up on-site staffing, 24 hour security and fire safety measures. We can provide packages detailing breakdown of service charges for potential leaseholders, and provide comfort on the cost side.
Our package includes the following areas specifically for developers:
- Customer focus – we are responsive to your queries and can set up service charge packages and budgets which appeal to potential leaseholders and prospective buyers.
- Sale and Let of Units – we can manage the sale or let of individual and multiple units on your behalf, as well as liaise with solicitors and collect ground rent from leaseholders.
- Transparent Financial Management – we reconcile our accounts on a daily basis, enabling us to quickly identify potential cost savings. This also means that financial information can be supplied to you at any time you request it.
- Accessibility – we only take on properties in central London so that our Block Managers are able to get to site quickly should any issues arise.
- Third party contracts – all larger works are put out to tender and we have a large network of contractors who all offer value for money. We do not take commission on any contractor or supplier invoice – meaning that we can just focus on finding the best person for the job.
- Advice – at a high level, our experience means that we are able to provide comprehensive advice to developers on setting up property management for new developments.
