Charlesons supplies property management services for numerous individual ground rent investors, and corporate and developer freeholders.
For over 12 years, we have continued to provide our freeholder clients with the highest level of service integrity that is completely transparent, efficient and cost effective. Our abiding commitment is always to protect and maximise the value of the client’s investment.
Designed to protect your investment
We run a dedicated team of portfolio managers and assistant administrators who offer considerable experience and expert knowledge in all aspects of residential property management.
Charlesons block management for freeholders is designed to protect your investment and ensure the smooth efficient running of your property:
- Dedicated portfolio block manager who is also your day-to-day point of contact for all leaseholder enquiries.
- Compliance with all current property legislation including, but not limited to: The Regulatory Reform (fire safety) Order 2005 and The Management of Health & Safety at Work Regulations 1999.
- Ground Rent demands are served and promptly collected in accordance with the requirements of Section 166 of the Commonhold and Leasehold Reform Act 2002.
- Quarterly reviews held to provide complete transparency and to implement all financial and management instructions efficiently.
- Responsibility of all day-to-day issues allowing clients to focus on key management issues and the decision making process.
Our past results.
Acting on behalf of individual leaseholders, Charlesons provided comprehensive advice on the RTM process as well as liaising with the solicitor engaged to ensure a smooth handover of responsibilities.
Charlesons held a residents meeting with the leaseholders to obtain a detailed idea of the current issues. An action report was then compiled to ensure the complaints were actively addressed.
Since acquiring the Right to Manage, leaseholders have enjoyed reduced service charges, increased control over expenditure as well as up to date, accurate accounts.
Acquiring the Freehold by Right To Manage (RTM)
There are measures available to long leaseholders to acquire the freehold estate – known as Collective Enfranchisement – in accordance with the Leasehold Reform Housing and Urban Development Act 1993 (as amended by the Commonhold and Leasehold Reform Act 2002).
Alternatively, the Landlords Management functions can be withdrawn via the Right to Manage, in accordance with the Commonhold and Leasehold Reform Act 2002.
Leaseholders do not need to provide evidence that the block has been poorly or indifferently managed. Furthermore, acquiring the RTM does not entail freehold interest to be purchased by the long leaseholders for collective enfranchisement.
Charlesons provide a different management approach for freehold clients to significantly reduce the risk when long leaseholders collectively enfranchise or acquire the RTM.
Our paramount priority is to ensure that transparency is maintained throughout the entire management contract. Freeholder clients are fully informed of developments within the block by:
- Quarterly update reports
- Holding Residents’ Meetings on an annual basis
- Actively monitoring Service Charge expenditure
Reducing the likelihood of significant year on year increases helps to preserve a strong and long-lived relationship with leaseholders.
Quotation form
*Subject to initial discussion and on-site visit
