Benefits of Appointing a Block Manager Under Section 20 of the Landlord and Tenant Act 1985
- Posted: 9 months ago
- Categories: Block Management, Bradford, Investments, Landlords, Latest Property News, Leeds, Maintenance
Appointing a block manager under Section 20 of the Landlord and Tenant Act 1985 allows for efficient coordination of repairs and maintenance of the residential building. The block manager can procure tradespeople to conduct necessary repairs in a timely manner, obtain competitive quotes for significant capital projects, and schedule work to minimise disruption for residents.
A block manager also manages the service charge account for the building. They prepare an annual budget, collect service charges from leaseholders, and ensure adequate funds are available to cover costs associated with repairs, maintenance, utilities, insurance, and other property-related expenses. The block manager is responsible for maintaining accurate financial records for all transactions pertaining to the service charge account.
Block managers ensure the building complies with applicable laws and regulations, including health and safety standards. They understand leaseholders’ rights and obligations according to the lease terms. Appointing a block manager mitigates risks of non-compliance, which could potentially result in legal issues if not properly addressed.
Block managers provide expert advice and guidance on all aspects of leasehold property management. Their extensive experience and knowledge of leasehold legislation, best practices, and technical building matters enable them to recommend pragmatic solutions that serve the interests of all stakeholders. Leaseholders can rely on the support and counsel provided by their block manager.
In summary, block managers deliver significant value to leaseholders in a section 20 building by helping to ensure efficient and compliant property administration, coordinated capital expenditures, equitable service charges, and access to professional guidance – maximising value and enjoyment for residents.
Frequently Asked Questions About Section 20 of the Landlord and Tenant Act 1985
Section 20 refers to major works on residential buildings containing two or more flats. As freeholder, Valor Properties must consult with and obtain approval from leaseholders for certain significant capital projects prior to commencement. This includes repairs, maintenance, and improvements impacting the building structure and common areas.
Once major works are identified, Valor Properties issues a Notice of Intention outlining the proposed scope of work, estimated costs, and rationale for the project. Leaseholders have a statutory review period to examine the notice and submit any observations or objections. Following review of submissions, Valor Properties will either modify or proceed with issuing demand notices for payment.
Projects typically requiring Section 20 consultation include structural repairs, enhancements to common areas, installation or upgrade of mechanical and electrical systems, and external redecoration. Routine day-to-day maintenance does not require consultation. Valor Properties aims to clearly delineate what constitutes major works for each property.
As a leaseholder, you have the right to receive notices, provide feedback and objections, and approve or reject proposed works necessitating consultation under Section 20. You also have the responsibility to fund your portion of costs for projects that move forward, as stipulated in your lease. Full participation in the Section 20 process is recommended.
Conclusion
Section 20 of the Landlord and Tenant Act 1985 establishes important rights for leaseholders pertaining to block management. By understanding entitlements under Section 20, significant capital projects and long term service contracts can be undertaken in consultation with residents, fostering transparency and accountability. While intricate, the principles behind Section 20 aim to safeguard leaseholders financially and give a voice in decisions impacting property and community. Staying informed and seeking counsel empowers leaseholders to work constructively with landlords/managers for all stakeholders’ mutual benefit. Proactively engaging in the Section 20 process allows protecting one’s own interests while contributing to ongoing property upkeep.
For professional property management services, please contact Valor Properties at 32 Park Cross Street, Leeds LS1 2QH, telephone 0113 222 4537, or email info@valorproperties.co.uk to discuss how we can assist you.