Block Management
This Includes:
Service Charges
GFW Block Management will prepare for the client the service charge budgets, organise the collection of property ground rents, the property service charges and manage the reserve fund in strict adherence with the property lease.
Health and Safety
We make sure our clients properties are compliant with all current H & S Legislation and that all H & S Regulations are complied with when any works, minor or major, are undertaken for our clients properties.
Property Inspections
GFW Block Management has a rigorous inspections schedule which is maintained to ensure that our clients building is maintained and that all necessary workmanship completed is done to the highest standards by our registered contractors.
General Maintenance
GFW Block Management employs a Maintenance Issue System which deals with all issues promptly and efficiently with our registered contractors delivering the highest standards of workmanship.
WHY CHOOSE GFW PROPERTY MANAGEMENT?
WHAT IS GROUND RENT?
Ground rent is a fee the leaseholder must pay to the freeholder as a condition of the lease. This relates to the land upon which the property is built and for the rights of access across the communal gardens and surrounding estate areas.
WHY IS A MANAGING AGENT EMPLOYED AND BY WHOM?
A managing agent such as GFW Management has knowledge, expertise and experience in the management of residential developments. Our team of property experts are able to advise on various issues including health & safety, changes in legislation, accounting requirements etc. We are engaged by the freeholder and take on their responsibilities within the lease. We agree all contract terms and conditions with them.
WHAT ARE SERVICE CHARGES?
Service charges are payments made by the leaseholder that contribute towards block maintenance, repairs, insurance and management fees. These payments ensure that the block is adequately maintained to the benefit of both the freeholder and leaseholders. Service charges will vary from year to year; they can go up or down without any limit other than that they be reasonable.
HOW DO I PAY MY GROUND RENT?
GFW Management will send the leaseholder an invoice (typically bi-annually) when the money is due. Charges will be incurred for late payment letters and we do make a small charge if payments are to be made by installments, e.g. by monthly standing order.
HOW DO I PAY MY SERVICE CHARGE?
At the beginning of service charge year, GFW Management will send a budget detailing the anticipated costs for the block in the coming year. As with ground rent, leaseholders will receive an invoice (typically bi-annually) for a percentage of those costs. The percentage due by each Leaseholder is defined with the lease. Charges will be incurred for late payment letters and we do make a small charge if payments are to be made by installments, e.g. by monthly standing order
HOW DO I KNOW MY MONEY IS SECURE WITH GFW MANAGEMENT?
In accordance with statutory requirements, all service charge and reserve fund monies are held in a client account, separate from GFW Management’s own funds. Each block will have its own bank account giving clear statements that will be sent to the accountant at the end of the service charge year so that they can draw up a full analysis of income and expenditure. The freeholder and leaseholders will be provided with a copy of these annual accounts, upon request.
