Service Charges

Keeping books and providing summaries of annual accounts
for leaseholders and Companies House requires regular
procedures to keep track of income and expenditure,
individual leaseholders’ service charge payments and arrears
chasing.

Company Law

In most cases, the responsibilities under a lease will be
passed to the RMCo as a limited company. The Memorandum
and Articles of Association will need to be consulted regularly
when arranging and conducting meetings and appointing
Directors.

Health and Safety

Essentially, the common areas of any block of flats or estate
with shared facilities should be considered a workplace for the
purposes of health and safety. The laws require that you give
consideration to the safety of residents, visitors and
contractors via various fire and general safety regulations.

Reactive Repairs

Lighting, intercom systems, lift repairs, automatic gate systems, fire door closers and anything else in the communal areas that might fail without warning.

Planned Replacements

Decorating, roof coverings, carpeting, fire systems, car park surfaces, all need updating eventually and budgeting for large expenditure is key.