Property Management.
The management and administration of
purpose built blocks of flats, converted houses and privately run
residential estates is a quite unique form of property management
requiring specialised skills and an in-depth knowledge of legislation.
The typical UK Residential Lease
defines the management responsibilities of the Freeholder which will
usually cover all aspects of maintenance, repairs, insurance, ground
rent and the collection of ground rent and service charges. Many
Freeholders appoint an agent or representative to carry out these
management duties.
Freehold management companies are
increasingly looking for professional help to deal with the burden of
more onerous procedures and liabilities. The need to comply with new
legislation and regulations is making the appointment of such a
specialist a preferable option. Choosing a managing agent can be a
difficult task, particularly for those less experienced in property
matters. Historically, the residential property sector has been subject
to ever changing Government legislation and with the introduction of the Commonhold and Leasehold Reform Act 2002,
and the more recent changes to Health and Safety Legislation, it is clear
that the trend is set to continue.
In addition, there are various Codes of
Practice by professional bodies such as The Royal Institution of
Chartered Surveyors and Association of Residential Managing Agents
setting out guidelines and procedure for the residential sector.
It is perhaps not surprising that the
combined effect of this can often cause confusion requiring careful
consideration in the management of property.
VFM Property Management Profile
VFM Property Management is a division of
the development consultancy, VFM Procurement Limited. At VFM, we offer a
dynamic approach to management of the property asset and understand that
property owners want to protect their investments both now and in the
future.
We take a proactive interest in the
properties we manage, with the view that the value should not only be
maintained but enhanced wherever possible. One of the key features of our
services involves implementing a carefully planned maintenance programme
and smoothly facilitating any emergency works that may arise.
To achieve this, we work closely with
freehold owners and representatives of Resident Management Associations to
prepare professional programmes of planned expenditure. By cost effective
management we aim to maximise the capital value of buildings while
continuing to maintain the annual service charge at a sustainable,
economic level.
Our property management services are
benchmarked to the quality standards set out by The Royal Institution of
Chartered Surveyors.
VFM has been established for over fifteen
years and is experienced in all aspects of residential property
management, surveying, project management and cost control including
maintenance and general development advice. Since its inception VFM has
grown steadily securing new clients and repeat business on a wide range of
projects and commissions including many residential developments and
alterations.
Our Property Services
Our core professional capabilities in the
property management field extend to, surveying and project management of
major works. Supplemented by flexible and broad ranging property and
facilities management services we also offer specialist client
representative and advisory solutions tailored to meet individual needs.
Experience has shown that working closely with all participants is the
most effective way of achieving results and ensuring that property is
maintained to the quality standards agreed. There are many facets to
achieving this goal including:
- Property maintenance - planned
maintenance, access to competent independent contractors at
competitive rates.
- Expenditure - setting and agreeing
limits.
- Budgeting - annual budgets, tailored
to the needs of the estate and the wishes of the residents.
- Customer service and response -
professional, diplomatic, sensitive and succinct.
- Cash flow - securing service charge
and ground rent payments.
- Client reporting and accounts -
presented in clear easy to read format.
We will place the necessary people,
implement procedures and procure contracts to facilitate our management
function. We will regularly review to ensure that our clients are
benefiting from the highest quality service.
Also see our Property Management
Site at www.vfmproperty.com
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