Posts by Hatch
How Are Service Charges Calculated?
In some blocks, management responsibilities are retained by the freeholder, while in others, leaseholders take over management through a Resident Management Company (RMC) or by exercising their right to manage through an RTM company. Individual flat upkeep usually falls on the leaseholder who owns it; however, maintaining the communal area is a collective responsibility, typically…
Read MoreImportance of Financial Transparency in Block Management
Block management isn’t just about repair work and maintenance or breaking up fights among your residents. It involves many other equally, if not more, essential components, like service charge management and compliance with regulations. Financial accountability and management are key if you want to submit your tax returns with plenty of time to spare and…
Read MoreHow Block of Flat Maintenance Varies Throughout the Year
A well-maintained block doesn’t just lead to a pleasant living experience – your block of flats’ upkeep is directly related to tenancy turnover, property appeal, compliance with building safety regulations, and even the longevity of the building. Building maintenance in the UK needs to be carried out according to the four distinct seasons that we…
Read MoreEmergency Evacuation Plans for Residential Blocks
Emergencies take us by surprise, and without proper preparedness, they can wreak havoc on the lives of everyone involved. This is especially true for large residential properties, like multi-story blocks of flats. Without a proper building evacuation plan, rescuing residents of all ages and abilities in an emergency becomes challenging. Having comprehensive evacuation strategies for…
Read MoreWhat Does Building Insurance Cover in a Block of Flats?
As a freeholder, RMC (Resident Management Company) director, or leaseholder, you’ll be well aware that managing a block of flats is no easy task. Block property maintenance and management is more than just collecting service charges and carrying out repairs. One of the most important responsibilities of freeholders and RMCs is ensuring the safety of…
Read MoreEmergency Planning for Residential Blocks – A Guide for RMCs
A property management emergency plan isn’t just something you should have as a precaution; it’s a necessary responsibility that ensures the safety and well-being of your residents. Emergency preparedness is one of the most important responsibilities of resident management companies (RMCs) and right-to-manage companies – essentially, anyone responsible for a block’s property management. Having properly…
Read MoreUnderstanding Reserve Funds and Why They Are Essential
Property management involves a wide range of services, from upkeep to regulatory compliance and financial management. Whether you’re repairing a broken window in the common area, upgrading a boiler, or installing solar panels, everything requires proper property financial management.
Read MoreLeasehold vs Freehold – Key Differences
Purchasing a property is a big decision that involves cash and long-term commitment. If you’re new to the real estate market and are unaware of the difference between a leasehold and freehold property, you should find the information in this guide helpful.
Read MoreThe Role of a Managing Agent in Property Management
A block property management company (a managing agent), such as Habitare, can assist RMC directors with their management responsibilities. The role of a managing agent in the life of an RMC director is invaluable, helping with daily operational management, financial management, regulatory compliance and offering emergency assistance.
Read MoreService Charge Budgeting and Best Practices for RMC Directors
Managing an apartment block is both labour-intensive and costly. While individual leaseholders, property owners, and tenants are responsible for maintaining their own flats, the question remains: who is responsible for the maintenance of the common areas?
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