Property Management Boot Camp

Service Charge Budgets and Reserve Funds

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3 Hours

Date

29 Mar 17

Time

14:15 to 18:35

Where

Upstairs @ The Yorkshire Grey
2 Theobalds Rd
London
WC1X 8PN

Accreditation

3 Hours

A practical guide for Property Management Professionals to setting up a reserve fund, budgeting and planning for major works, renewals and repairs.

This informal and interactive Boot Camp presented by John Byers of LBB Chartered Surveyors will cover many of the key points concerning the budgeting of, and payment for service charges and major works.

Together we will consider such issues as:

  • How do major works get paid for?
  • How should a service charge budget be calculated – what about future major works?
  • How can I know what works may be necessary in the future, and plan for them?
  • Can I demand money in advance for major works - do my leases allow it?
  • What is a reserve (or sinking) fund?
  • What are the RICS and ARMA requirements for setting up and running reserve funds?
  • How do I decide how much to collect in a reserve fund?
  • How can I persuade my clients and lessees to set up a reserve fund and pay into it?
  • What about improvements. Can I use the service charge to fund them?

During this boot camp we will review the legislation and codes of practice, look at example lease clauses, consider the implications of a few tribunal cases, discuss problems that we have experienced and work out some solutions together.

We will also consider some of the most common objections lessees may have to paying into a reserve fund and decide together if those objections can help us run our service charges better.

There will be lots of opportunity for questions, and John and his presentation team will do their best to answer all of them!

 

Date: 29th March 2017

Location: Upstairs at The Yorkshire Grey

Timings: 

2.15pm - Arrival

2.30pm - Boot Camp starts

5.30pm - Boot Camp finishes

6.30pm - Event closes 

Rates: 

Group rate (3 or more delegates): £70+VAT

Standard rate: £80+VAT

NOTB discount rate: £75+VAT

*Group rate valid for 3 or more delegates*

 

Ticket Prices

Standard Rate
£ 80 + VAT
NOTB Subscriber Rate
£ 75 + VAT
NOTB Group Subscriber Rate
£ 70 + VAT

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