Featured Articles

One of the most common complaints managing agents are accused of is ‘lack of communication’. Communication across all levels is key to the success of any good managing agent and is a fundamental aspect in developing, securing and maintaining long client relationships. Good communication increases both trust and faith and is the most important contributing factor to the success of effective management. Communication is fundamental in keeping clients and contractors informed of current events surrounding t

The Leasehold Advisory Service (LEASE) and the Residential Property Tribunal Service are amongst 180 “quangos” which are under threat of government cuts, according to a document leaked to the Daily Telegraph and BBC.  The Leasehold Valuation Tribunal is part of the RPTS and may be merged into the wider Tribunals Service system.  By contrast, the future of LEASE is itself under review as government austerity measures are introduced. What do you think?

Grant Shapps, the Housing Minister, will not be introducing the long-awaited accounting regulations which would have afforded protection to flat owners service charge money. The announcement follows Shapps decision earlier this year not to introduce formal regulation of the property management sector. Managing agents are dismayed.  Brett Williams, Chairman of ARMA said, “….we are given to understand [Shapps] reason is to reduce the regulatory burden. On whom? The very rogues who do not handle lessee mon

Funding has been secured and a global search launched for a PhD student to carry out pioneering research to help the property industry better understand the link between customer service and property performance. Sponsorship for the three-year project will come from the Lord Samuel of Wych Cross Memorial Trust Award, together with industry contributions from RealService Ltd and the RealService Best Practice Group (RSBPG). The Trust was set up in 1989 to remember Lord Samuel of Wych Cross, founder of L

RICS has launched a consultation to tackle problems about current risk and pricing in professional indemnity insurance (PII) in the UK valuation sector that are creating market dysfunction. The quantity and cost of handling alleged negligence claims is having a significant impact on the cost of PII, not just for firms who have received claims but for the market as a whole. These structural problems could reduce client protection, limit competition within the market and lead to market failure. RICS has

It is easy to moan about how much your managing agent is charging, but have you considered what your service charge goes towards? There is a myth to dispel here: a service charge is not the amount you are paying your managing agent to look after your development. Their fee, a part of the service charge, is normally a few hundred pounds per flat per annum. The bulk of the annual service charge pays for the upkeep of the communal areas and services at your property. So why does it cost so much to live i

Members of the House of Lords have called for the law commission to simplify leasehold law. Baroness, Lady Butler-Sloss and Baroness Williams urged the Conservative Minister, Baroness Hanham to consider the Government’s position during a Parliamentary debate on consolidating all landlord and tenant legislation. Baroness Hanham admitted that, “... leasehold law in particular can be complex and people find it difficult to understand” but refused to commit to a Law Commission consultation. The Federation of

In conjunction with News on the Block, Brady Solicitors commissioned an independent market research company to undertake an in-depth telephone survey into the changing pressures, opportunities and challenges faced by the property management industry. Over 100 of you took part during November 2011 and in this report, Brady Solicitors’ Clare Brady shares with you the highlights of these interviews. Regulation is a popular topic in the property management press, with many calling for a clearer regulatory

The Commonhold and Leasehold Reform Act 2002 was expected to have a major impact on a number of areas of leasehold management. Whilst many of the new regulations anticipated have come into law, those most directly affecting accounting were never enacted. In 2010 the new government let it be known that it was unlikely that it would enact the regulations previously anticipated. As a result, expected regulations regarding the form and content of service charge accounts, independent accountants’ reports and d

A new fund is being launched to help leaseholders, (particularly those who may be vulnerable and/or elderly), afford legal assistance to advise them on matters such as the LVT process, escalating service charges and exit fees. Called LKPaid, the fund is the brainchild of Melissa Briggs who rose to prominence for her campaigning work leading Carlex and its demands for leasehold reform. “Having exposed malpractice in the property management industry over the past few years, I set up the Leasehold Knowledg

Unfortunately, many leaseholders undertake works within their flat which are often in breach of the terms of their leases. One common breach, is the removal of carpets and installation of wooden floors. In accordance with the terms of many leases, carpets must be laid in all areas except for the kitchen and bathroom, unless otherwise approved by the landlord. If no such consent has been granted, you could be currently in Breach of Lease. The implications of being in Breach of Lease are serious and can

The Tenant Services Authority has given its final approval for the £1.3 billion merger between Chester & District Housing Trust and Cosmopolitan Housing Group. This has created a new group of nearly 14,000 homes across Cheshire, Merseyside and the North West, placing it among the 10 largest housing groups in the region. The new Group says the merger will create improved opportunities for leasehold residents.