Block Management
Block management describes a collection of services geared to maintaining the communal areas within a block or estate containing multiple residential units. It relates to those parts of the building outside of the apartments themselves. Its purpose is to keep the property as a whole attractive, functional and profitable.
Depending upon the client’s needs,
those services may include:
→ Maintenance and repairs
→ Emergency call-outs (where required)
→ Managing staff and third-party contractors
→ Conducting regular safety tests and inspections
→ Ensuring compliance with all relevant legal requirements
→ Collection of ground rents and service charges
→ Cost control and financial accounting
→ Community liaison
→ Liaison with insurers and local authorities
The Benefits of Block Management
Effective block management can directly improve the financial returns that an investment property delivers. It does this by keeping properties and their grounds in peak condition and good repair.
This, in turn, helps to:
→ Maximise market appeal
→ Maximise occupancy rates / minimise void periods
→ Support higher rental / capital values
Our Block Management Packages
At Fortem, we offer a transparent service charge for all leaseholders and we can tailor our services to suit different property types and client requirements. To find out more, please contact us today.
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