 |
Explanation of Service Charges | ARMA the Association of Residential Managing Agents | LEASE the Leasehold Advisory Service
To ensure the efficient running of each
building PL Management will appoint approved contractors to
maintain, decorate and clean the common areas of the building
on the resident’s behalf.
As Managing Agent, it is our responsibility to publish and distribute the annual accounts for the management of each block. This ensures that residents have prior notification of future service charges and any major building or maintenance issues, as well as reports on how service charge has been spent in the past year. This gives assurance that the building is being managed efficiently and allows residents to take future financial commitments into account.
Broadly, the aims of the Property Managing Agent are
to:
- Control expenditure for the block ensuring efficiency
and accountability
- Maintain standards of repair, cleanliness and decoration
in the common parts of the building such as lobbies, windows,
doors, lifts, car parks and gardens
- Control alterations or assignments
- Make regulations for the benefit of the building and
the residents
- Procure building insurance for the block
- Place maintenance contracts for common plant and equipment
such as lifts, boilers and access control systems
- Provide staffing such as Concierge, housekeepers and
security where appropriate
- Manage any leisure suites, pools, gyms or spa facilities
for residents
- Give advice on long-term maintenance requirements and
preventative measures
- Provide a company secretarial service, produce audited
accounts and hold an annual AGM for all residents.
|
