Q: We have three bank accounts: 1, company bank account; 2, service charge account; 3, tracker account. 1, Company account: This account has income from registration/administration charges from flat sales and the 10 per cent discount we receive on ground rent invoiced by the head lessor (the freeholder) Outgoings from this account are such as […]
Q: We have a line of adjoined garages separate from the main building. There is a fault in the structure between two of the garages to the effect that the walls of one of the garages can be moved slightly – clearly an issue that needs to be sorted. One of the two residents involved asked […]
Q: We have many volunteers that help around the property we manage, including a couple of people that help with gardening and outside tasks. One gentleman has offered to trim hedges but has asked that we purchase an electric hedge trimmer for him to carry out the work. I am concerned that if we provide […]
Q: Our block is an 1895 house, most recently converted into 10 flats around 20 years ago. We have recently organised quotations for some serious work on the exterior of the property. The leaseholders (all of whom are directors of the company) agreed some time ago that the maximum we could jointly afford would be […]
Q: As building owners, are the directors obliged by law to make sure that the Health & Safety Policy and Risk Assessments of contractors are adequate and adhered to and that the insurance policy is comprehensive and includes Public liability insurance? Or is it the responsibility of the contractor to make sure the law is […]
A leading UK provider of warranties and insurance for new homes, is looking for members of Residents’ Associations who own a new build flat or apartment, preferably up to 5 years old, to join a local focus group in the London, Birmingham or Manchester areas. The discussions will last around two hours, and probe the […]
Private sector tenants could be left homeless as a result of a decision by the Government not to include rented properties in its flood insurance cap scheme. The Flood Re Scheme will come into force next year and will cap the insurance of home owners in flood-prone areas at up to £540 a year, varying […]
On Friday 31st October 2014, the Court of Appeal handed down its judgement in the case of Phillips v Francis [2012] EWHC 3650 (Ch D). The Court of Appeal upheld (in part) the Landlord’s appeal against the ruling of the High Court, Chancery Division. WHAT DID THAT MEAN? The duty to consult is limited to […]
The CMA has today published the findings and recommendations from its market study into the residential property management services sector in England and Wales. The Competition and Markets Authority (CMA) consulted extensively with consumer groups, leaseholders, the industry and government during the course of its study. It found that overall, while the market works well […]
With over 150 attendees including members and key figures from the sector the 2014 FPRA Conference and AGM was an outstanding success. The event took play in the Great Hall at Kensington Town Hall on Monday 10th November 2014. The evening started with a welcome by Bob Smytherman, Chair of the FPRA, thanking everyone for […]
