Author : Mary-Anne Bowring
Since people began to live in cities space has always been an issue. In modern times, spatial pressures have increased exponentially, leading to increased inner city house prices, and more seriously, an increase in related problems such as homelessness.
A less sinister by-product of these spatial pressures is a rising trend in apartment living. More and more of us are buying or renting in blocks of flats, not just for their relative affordability, but also for lots of other reasons, such as security as well as the heightened sense of community. But what is block management? Unlike traditional homes, where a householder is able to comfortably manage the day to day running of the home, in a block there are lots of issues that can only, realistically, be effectively managed by a block management company.
For instance, a block management company will be able to ensure that everybody pays their service charge (i.e. the charge levied on residents for the day to day running of the block.)
Often, in such close proximity, neighbours will raise disputes with one another and a flat management company can help both parties to reach agreement, resolve breaches of the lease etc.
In fact, whilst block management companies will charge a fee to manage your block, they can also help you to save, and you may find that they are able to offer cheap buildings insurance.
Mary-Anne Bowring FIRPM FRICS FARLA FCABE Founder/Head of Asset Management
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