Flat management

Flat management

What seems simple at first glance is governed by many acts of legislation including:

• Landlord and Tenant Act 1985
• Landlord and Tenant Act 1987
• Commonhold and Leasehold Reform Act 2002

We have been advising landlords and lessees since the first of these Acts came into force. We currently prepare the required service charge and statutory accounts for over 500 blocks. Over recent years many lessees have been purchasing their freehold or exercising their right to manage. The rules for these can be quite complex and we have advised many blocks concerning this.

With all of this detailed legislation, it is easy to get things wrong. It is vital that any self managed blocks take the necessary professional advice to ensure that properties are managed correctly as the penalties can be very severe.