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What is a Management Company?
Managing a property or a block of flats is like managing a business. It requires specific skills and knowledge as well as commitment to the job.
Any leaseholder should take a keen interest in their property/building is being managed and who it is being managed by. A poorly managed property can have an impact on the long-term enjoyment of a home and potentially its future value.
It is normally the landlord who is responsible for the overall management of the building. This could be an individual person, a company or a local authority. It could even be the leaseholders themselves if a residents' management company is in place.
Some landlords may choose to manage the building themselves but it is more common for them to appoint a professional managing agent to manage and maintain the property on their behalf.
If you have any questions or need any advice please contact our experts at mosshaselhurst on 01606 74301.