property management

Buildings Regulations from Hamilton King Residential Property Management

Residential property management companies are usually put in place to look after the communal needs of a building or estate where there ae common areas and where the individual properties are owned on a leasehold basis. Typically the property manager will organise and supervise any on-site staff or contractors such as cleaners and porters, electricians, gardeners, repair and maintenance contractors and decorators. The property manager collects a pre-agreed service charge from each lessee in the building to pay for routine maintenance, emergency repairs and aesthetics such as garden maintenance and decorating in communal areas. The service charge can also cover services such as buildings insurance, fire risk assessments and other safety checks. There are a variety of building regulations in place, which property managers must adhere to. In terms of insurance, the property managers must be regulated by the FCA for activities such as negotiating and arranging contracts. Fire risk assessments, electrical maintenance and safety checks, structural safety checks and procedures and asbestos checks where necessary are all covered by strict regulations also. While there is no blanket statutory regulation of property management companies in place in England, where a property management firm has control of communal and external areas of a building they are subject to the same rules and regulations as a landlord. Hamilton King is a specialist property management firm operating across a wide scope of building types, from new builds to old concerted period homes. As property managers, the team at Hamilton King are dedicated to providing services to all lessees which are both high quality and affordable. Regulation checks and maintenance such as fire safety are carried out on a regular basis at all properties and the costs for these are clearly set out in each individual lease as part of the annual service charge. Like all good property management firms, part of the job of Hamilton King is to source contractors which offer the best value for money for residents. To achieve value for money a service must be of the quality which residents expect while remaining within a reasonable budget. You can follow Hamilton King Management on Twitter to find out more about the work of a property management...

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