Making a Tenant’s Life Easier Using Leasehold Property Management Services

With an ever increasing influx of people coming into big cities, more and more people need to rent out a place to stay. A Leasehold Property Management service provider can help with this.

Due to the demands of work, more and more people are moving to bigger cities, putting a greater need for housing. Rented apartments are common in cities and suburbs, meaning more people are opting to buy or rent a leasehold property. Well, managed leasehold properties are in demand with a plethora of legislation is in place to ensure the rights of the owner and tenant alike, including guidelines for the effective and successful management of the property.

Leasing a property

The role of these leasehold property managers often begins with the leasing out of the property. They play a role in the screening of a prospective tenant, negotiation and also dealing with all the different kinds of documentation that are required to be completed by law. Establishing the covenants from the end of the landlord and at the same time the duties and limitations of use of the tenant is a key function of the property manager.

Rights of the tenant

The rights of a tenant are covered with legislation. For example the Common hold and Leasehold Reform Act 2002 empowers leaseholders to be able to transfer landlord's management functions to a specialized service provider set up by them – a right to manage company or that appointed by a tribunal. This provision is, however, available only to tenants of flats and not houses. The exercise of this right is irrespective of the landlord's consent. Alternatively by serving notice under section 29, the owner may be allowed time to change the Leasehold Property Management services company and try and improve the services they receive.

The manager steps in

The Leasehold Property Management Company will step in to ensure the rights of freeholder or tenant alike through the entire range of services they provide, which will include:

• Maintaining of accounts, budgetary control and arrears management
• Collection of service charges, ground rent collection and management of arrears
• Property maintenance including repairs and common area services such as gardening,

Cleaning, elevators and pertinent service contracts

• Compliance procedures including handling of nuisance neighbours
• Buildings Insurances as also owner’s liability insurance
• Compliance with Health and safety legislation
• Major works management
• Right to manage advice

David smith has written many articles on various subjects Leasehold Property management, Residential Property management, Facilities management, Commercial Management Agents, property management, Property Management London, Block Management London. H