Property Estate Management Companies Are Required To Conduct Security Risk Assessments, Residential property managers for owners and tenants of multi-family dwellings and multi-family dwellings have concerns about the lack of importance some risk assessments place. Staircases and common areas in residential complexes are treated as commercial space under current regulations and we need to make an effort to convince some people that mandatory risk assessments are indeed necessary and serious. In addition, there are of course many other legal requirements that property management companies have to meet and which are often ignored.
Other issues include the need for landlords to deal with the many leasehold or tenant rights that landlords and property management companies must recognize. In particular, applications for ancillary cost settlements must be submitted in the correct form and in a timely manner. Spending limits must be recognized and strict consultation procedures followed. Many of these legal requirements are often ignored as many landowners believe that they do not apply because they jointly own their property.
Multifamily tenants who have benefited from buying their condos and who manage their properties themselves fall into the category most at risk of complacency. This can be particularly the case where the buy-to-let market is relatively high in areas such as London and the South East of England. Absent tenants who do not live on the property are often less involved in the condominium property Block Management London, however this is certainly not always the case and many have a vested interest.
Sometimes these ownership or lease block management companies feel that they can continue to ignore new and current legislation and the responsibilities imposed on them by law because they seem to have avoided all the problems in the past. You will no doubt save valuable fee monies in the process, which is all very well until a problem arises or a risk arises.
The legal system in the UK (or more specifically in England and Wales) is likely to be reluctant to engage in such behaviour, particularly in the event of a fire or where injury results from a failure to comply with your legal obligations. A directors and officers insurance which would otherwise protect those responsible may well be void in certain circumstances where conscious decisions have been made to ignore the advice of professional advisers. If necessary, expert advice should be sought.
I can understand the temptation to avoid unnecessary bureaucracy wherever possible, but there is a need to educate all concerned about the risks involved and the possible insurance implications of non-compliance. It can be worthwhile for tenants and owners to check whether their building insurance will pay if underwriting is not carried out properly or recommendations are not followed.
If you are a landowner, a concerned tenant or simply want to learn more about managing property please note that free advice is available. Specialist real estate agents also offer professional advice and support.
A good RICS qualified property block manager should be able to assist in providing health and safety advice, which is clearly an important aspect of the Estate management role in any block, estate or apartment building.
typical duties of property management staff usually include arranging risk assessments, health and safety and performing some or all of the following:
- Maintenance and repair of real estate
- Real estate lease inquiries
- Financial control of service fees
- expenditure
- budgeting
- Additional costs and collection of the property rent
- accounts
- Customer Reporting
- Real Estate Lease Management and Compliance
- company secretary
- Advice for large buildings
- CDM coordination duties for major works according to building planning and management regulations
Many, if not all, of the above property management activities in rental or condominium, multi-family dwelling or managed properties involve consideration of health and safety and the need for risk assessments. Whether it ‘s performing work, repairs, maintenance, or simply forecasting budgetary provisions for the future, your property management duties are likely to be compromised.
As such, it is vital for anyone involved in managing blocks of flats in the UK to ensure that both their services and property fully comply with current statutory requirements.
Block Administration London | Real Estate Management Agents | Real estate management company and services
VFM Block Property Management Agents is a property management company providing residential property management services for blocks of flats, apartments and private lots
VFM is a real estate management company for time-pressed landlords, condominium owners and tenants of blocks of flats and apartments. Due to quality problems in the industry, the services of VFM’s specialized apartment block management are currently in high demand.
Fire safety violations result in criminal prosecution for the London Property Management Company’s management agents
Health and safety and fire risk management is an important aspect of a property management company’s responsibility for owned or leased properties . The consequences of non-compliance can be disastrous when it comes to the life and well-being of tenants and residents. The risk of injury or death is clear, but ineffective management can also result in very heavy fines, as evidenced by recent fines handed down by courts .
In a land lease agreement, certain aspects of Block Management London and fire safety are inevitably the responsibility of the landowner. A professional, regulated property management company or management agent will help ensure buildings and properties are well maintained in accordance with current health and safety requirements and provide protection for all involved.
Failure to comply with these responsibilities can result in criminal prosecution and recent case law supports this. The manager of a block of flats in London has been fined £100,000 and ordered to pay nearly £13,000 in costs after pleading guilty to breaching the Fire Safety Act.
The leaseholder of the premises has been fined £33,000 after pleading guilty to an offense under the ordinance and ordered to pay costs of £6,440.
After a fire in a flat, the London Fire Brigade carried out an audit of the common areas. Officers found a number of fire safety violations, including a failure to create an emergency plan, ensure fire doors were self-closing, install a fire alarm system and ensure the electrical intake cabinet was locked.
Deputy Fire Safety Commissioner Steve Turek said: “London Fire Brigade will continue to take action against any manager, tenant or landlord who fails to take their fire safety responsibilities seriously. In this case, failure to comply with the law may result in criminal prosecution.”
It is clear that health, safety and fire safety are particularly important when it comes to managing property and a good professional RICS Regulated Managing Agent can advise you on the necessary measures.
Leasehold condominiums deserve special attention when it comes to fire safety and the latest legislation is designed to protect residents, tenants, visitors and contractors. All visitors to apartment blocks or settlements have the right to do so safely without risk of harm or injury.
Fire safety is not something that should be attempted by volunteer directors of property management companies, no matter how well intentioned their actions may be.
Preventive measures must be carried out effectively, in compliance with the applicable legal regulations, and expert advice must be sought. Property management companies and their agents are responsible for health and safety and for conducting fire risk assessments and implementing their recommendations.
Although fines may seem harsh, the real tragedy to avoid is putting lives at risk and any action to reduce that risk must be supported.
VFM London Property Management Agents is a property management company specializing in apartment block management and apartment block property management services. VFM Block Management London provides residential property management services across London and the South East UK to all areas of Greater London including Lewisham , Lambeth , Croydon, Kent and Surrey from its London offices in Beckenham , Bromley.
