Residents Management Company : 5 Reasons for Changing Your Agent

Are you dissatisfied with your current Managing Agent?

1. Lack of Transparency in RMC Accounts? Not clear how Service Charge monies are spent?
2. Poor communications on issues raised by the RMC Directors or Residents?
3. Issues not dealt with at all?
4. Perceived lack of value? Significant Management Fee increases or Service Charge fluctuations without clear explanations?
5. Simply not doing the job? Building untidy or unrepaired? Impacting the value of your property?

Responsibilities of an RMC Director

As a director you have responsibilities to both Leaseholders and Shareholders/Members of the Residents Management Company.

If you own the freehold for your development you will have additional responsibilities concerning Fire, Health & Safety, Asbestos etc.

With upcoming changes in legislation, failing to discharge these responsibilities could involve financial penalties or even a custodial sentence for the directors.

The role of a director of a management company is voluntary, and usually unpaid, which is why you should consider using a professional managing agent to act on your behalf.

How can PMMS help?

Whether you own the freehold, or deal with a freeholder, as your appointed managing agent we provide:

• Professional advice on running a Management Company, with guidance on the latest legal developments in leasehold, buildings, and company law
• Transparent service charge and company accounting, giving you access to your bank statements and financial updates on request
• Planned Maintenance Programme covering expenditure over 2, 5 and 10 years to ensure your service charge collections cover the maintenance of the buildings and grounds
• Advice on leaseholder disputes, breach of lease cases and service charge debt recovery
• Insurance for the building, directors, plant and machinery through a third-party broker
• Full maintenance of the buildings and grounds with reactive issues monitored through our online leaseholder portal

Why shortlist PMMS to be your Managing Agent?

• Established 30 years with excellent client retention (references available)
• Specialists in Block Management and Estate Management – we do not Sell or Let
• Full Range of Services for Residential Blocks and Estates in London and surrounding counties
• Your own Property Manager to ensure good communications and issues are dealt with
• All property managers are IRPM qualified and PMMS is regulated by RICS

Block Management and Estate Management is Our Only Business

What is included in the PMMS Service?

• Service Charge Accounts: focus on transparency and minimising fluctuations in your annual bill
• Residential Management Company Secretarial: manage all Companies House filings
• Building Maintenance & Supplier Management: looking good and running smoothly
• Building Repairs, Remedial Work and Surveys:  maintain your property for the future
• Building Insurance & Other Cover: favourable rates for our clients
• Property Sales and Transfers: facilitating the sales process
• Health & Safety: ensure compliance with all statutory regulations