Small blocks of flats that self-manage can save money


23/07/2012
by: Mary-Anne Bowring

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Small blocks of flats that self-manage can save money

Small blocks of flats that are paying full management costs can save money by self-managing their property with Block Care 200, says Leaseholdersupport.co.uk. Block Care 200 is the UK's first online Accountant and Property Manager designed to assist leaseholders with self-managing their property. Based on typical London property Mmanagement Agents fees/services, Leaseholdersupport.co.uk estimates blocks of 3 flats could be paying approximately £766.65 ex VAT per flat per year, whereas blocks of 35 flats pay in the region of £220.71 ex VAT per flat per year because there are more flats to share the cost and Managing Agents have minimum fees of circa £1,750 per block per year or more!.

To help smaller blocks, Leaseholdersupport.co.uk has designed Block Care 200 which costs as little as £175 ex VAT per flat per year and unusually for this industry includes Service Charge Accounts. The online service assists leaseholders who are self-managing their property, eliminates administrative duties and the need for an accountant. Block Care 200 manages bank accounts, collects service charge payments and prepares the year end service charge accounts. Block Care 200 is suitable for blocks of up to 10 flats or for an estate of houses. Visit www.leaseholdersupport.co.uk for more information and a free trial.


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Lease Extension, FH and Right to Manage