The 34 New Residential Freehold Property Regulations
There have been a staggering 34 new regulation changes introduced by the government in just 6 years affecting residential freehold management agents and their property services. And this list excludes any changes to employment law covering property services companies in employing their own staff.
The main regulatory and statutory changes impacting on landlords, freeholders, resident management freeholders and their agents are set out below. Whilst this list is not intended to be exhaustive, the extent of government interference in this sector is clear to see. It is granted that much of this legislation brings with it undoubted improvements however the scale and pace of the introduction of change is staggering.
There must be few industry sectors which have been subjected to such radical and wholesale statutory amendment in such a short time frame.
It is little wonder why so many freehold management companies, landlords and their leaseholders have been turning to residential property block management agents for professional help and advice. Many residential freeholds and property management companies are run by volunteers and others who are relatively inexperienced in the property management field. It is understandable that these organizations along with time pressed landlords will wish to feel secure that their freeholds and property management companies are professionally run, ensuring suitable protection under both new and existing legislation.
There are 34 headings set out below which have been recently affected which concern freehold property block management companies and the maintenance and management of property:-
1. Ground rent notices for landlord and freehold companies
2. Changes to consultation procedures for property services and major works
3. Consultation on long term agreements for landlords and freeholders
4. Service Charge Demands for block management agents and freeholders
5. Administration charges for landlord property agents
6. Forfeiture for leaseholders
7. Breaches of Covenant affecting the landlord and leaseholders
8. Asbestos property services legislation
9. Working at height
10. Risk Assessments and property services health and safety
11. Regulation of residential block insurance by the F S A
12. Taxation of Trusts for Service Charge Monies for managing agents and residential property management companies
13. Digital Switchover a
14. Licensing of wheel clamping and other security staff for freehold management companies
15. Separate bank accounts for each residential property scheme
16. Prescribed statements of account for property service changes
17. Independent certification of all service charge scheme accounts
18. Licensing of houses in multiple occupation (HMOs)
19. Home Information Packs
20. Fire safety for freehold property block management companies
21. Disability Discrimination and property block management
22. Electrical Safety Testing for blocks of flats and freeholds
23. Water testing and legionella for common and shared property services
24. Gas Safety for common and shared property services
25. Hazardous Substances in the common areas and the block management workplace
26. Rules for appointment of contractors for freehold property block management companies
27. Lifts, elevators and their regulation and block maintenance
28. Health and safety planning for all freehold company maintenance work
29. Data Protection for managing agents and residential property management companies
30. Money Laundering for managing agents and residential property management companies
31. No smoking rules in blocks of flats and common facilities
32. Disposal of electrical items affecting managing agents and residential property management companies
33 Health and Safety Offences Act 2008 affecting managing agents and residential property management companies
34 Administration of resident management companies
In view of the above extensive list it is clear that professional guidance should be sought to help leaseholders and freeholders begin to understand the effects of the above recent changes.
When it comes to maintaining and ensuring the smooth running of freeholds for blocks of flats or apartments, few things are more essential than securing the services of a professional property block management agent.
Professional expertise in the field of block management property services have proven immensely popular with time pressed landlords, directors and leaseholders of freehold property management companies. Please refer to the details below to find out more.
Residential Freehold Property Services for Blocks of Flats and Apartments
VFM’s property management services are benchmarked to the quality standards set out by The Royal Institution of Chartered Surveyors (RICS) in the RICS service Charge Residential Management Code approved by parliament in 2009.
Residential Property Services, Maintenance and Repairs – Leaseholder Enquiries – Financial Control – Expenditure – Budgeting – Health and Safety – Fire Risk Assessments – Landlord Service Charge & Ground Rent Collection – Accounts – Client Reporting – Lease compliance – Co. Secretary
Portable Storage – If you’re looking for outstanding customer service paired with the highest quality portable storage units, Portable Storage Corporation based in California has been an industry leader since 1977.
LED Exit Sign – Save both energy and money by using our led exit signs. These signs have become the standard of efficiency for electrical exit sign applications. Consuming less than five watts of electricity and lasting 8 to 10 years
business centre sheffield - Looking for a business centre for your business. Then visit the Workspace Sheffield website for more information.
human healthy vending : Our healthy vending machines have credit card readers, digital video displays, touch-screen LCDs, remote monitoring technology and more!
Are you searching for houses for sale in your local area? Property Live is a UK based property finder that lists only the best properties from qualified and regulated estate agents.