Generally, block management can be named as property management, estate management, and also as the leasehold management. Leasing of the property means you can hold all the things in the leased area including the flooring, walls, and the ceiling. The freeholder is the management company or the person who owns the buildings or apartments with the additional lands surrounding it. They are the one who is accountable for the works done there. In this maximum of the costs are easily recoverable as they use a concept called service charges with which they will recover it. The block manager will be appointed by the freeholder to take care of the blocks. Block Management specialists of Strangford Management in London provide an efficient and simplified approach. The services cost is the charge provided by the leaseholder to the property holder for the facilities they are providing in their residential area. As the leaseholder pays the service charge he has the total right on the things to use.
Facilities available for occupants
The things added in the service charge have to be given to the renter as they are the temporary owner of it. The management is the method in which the residents of most of the people are controlled and handled by certain persons. These persons are those from the block management company as block managers. These managers have to fulfil the requirements of the tenants. They should have the best knowledge in maintaining the flats and the leaseholders. And also they should be an expert in handling accounts. Because pay for the service charges is handled by the managers. This is not easy work to do because it leads to many difficulties when dealing between the renter and the owner. It comprises the endless interaction between them for maintaining the blocks and for the repair works. They also provide insurance coverage for the flats when a disaster occurs, they can claim it.
All the rules and regulations have to be easy for people to understand. So that it will be easy for the dealer to have a deal with them. The leaseholder and the property holders should have some knowledge on the budget preparation, account handling, and also the routine check-up has to be done for the maintenance of the property. The major thing in the process is making the landholder and the renter satisfied with the property and the worth of the land made use for. The agreement will be made between them which will ensure the details of the charges applicable to the residential building and the service charges. This is the best technique to lease land without any risk using the block management system. The property holder can be in a relaxed stare as all the initial dealings will be done between the dealer and the leaseholder. Once a property was leased to a person, all the rights of the property will be in his hand until the end of the lease period. When the tenant wants to vacate the place, they will give information to the owner regarding the vacating of the place via the manager of the block management company.