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Yet, poor Service Charge management is probably THE most common cause of leaseholder dispute today and is one of the biggest pain points in block management.
When Service Charges are badly managed, it can potentially bring an entire property to its knees by choking off cash flow. Suppliers don’t get paid, maintenance doesn’t get done, the property becomes unloved and ultimately it loses value. And that’s just silly because it can so easily be avoided.
At PBM, we’ve got Service Charge Management nailed. It’s not rocket science either. It’s about knowing your legal obligations, planning ahead and managing the money properly. Here’s how we do it:
In truth, if a leaseholder doesn’t pay their Service Charge, it is usually a sign that they are unhappy with some element of the block management or haven’t been given the right information to confirm that the Service Charges are fair and reasonable.
At PBM it’s our job to ensure this doesn’t happen. We keep the wheels turning by looking after money matters properly.
It’s no surprise that an apartment block can be a breeding ground for neighbourly tensions. When you have a diverse bunch of people living under one roof, the age, background…
If there is one thing, above all others, that has the potential to seriously disrupt the smooth running of your apartment block, it’s a Service Charge dispute.
Say ‘major works’ to many freeholders and they will visibly shudder, that is unless they’re fully prepared to deal with these huge undertakings (or have a fantastic property management…
“ We have found PBM to be a professional and accomplished firm who continues to deliver a service we had not previously received from any of our former managers. Mr BarrettNoko residents committee
We have found PBM to be a professional and accomplished firm who continues to deliver a service we had not previously received from any of our former managers.
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