Block Management

Developers

Developers

The SP Property Group team has over 15 years’ experience providing professional Block Management services in London.

Our services ensure that the buildings under our management are run efficiently, proactively and cost effectively. The clients we act for benefit from knowing that their buildings are compliant with regulations and legislation, and that their service charge funds are being allocated appropriately and with transparency.

SP Property Group believe good block management requires responsive communication and action, and this is at the core of every service we provide.

Why SP Property Group

We are very experienced at working with developer clients, understanding the requirements of new build and period conversion developments.

We can also provide budgets at the marketing stage before you launch the development onto the market if required.

SP Property Group recognise the reputational importance of having a professionally run building and a good block management company in place, and how this reflects on your brand and the appeal of your development.

We equally understand the fine balance of meeting the needs of both freeholder and lessees, plus dealing with the inevitable snagging issues that can come with newer developments.

Our approach is to work with our clients, bringing valuable experience and expertise to the running of their block and forging long term relationships with them and the residents.

We place a strong emphasis on good communication, for example responding to emails and calls promptly, and our clients have direct access to their dedicated block manager.

Our services

  • Prepare a budget at the beginning of the service charge year
  • Request and collect the service charge contributions from each of the lessees in accordance with the lease terms
  • Hold all monies collected within ARMA specified client “trust” accounts
  • At the end of each financial year provide service charge accounts for audit by an independent firm of auditors
  • Request and collect / return any excess service charges at the end of each year
  • Allow access to lessees in accordance with the relevant Acts to allow the lessees to inspect the vouchers and supporting documents that make up each year’s accounts
  • Consider and, if appropriate, re-tender all long term contracts to ensure best value is being achieved
  • Inspect the building as required and at least every month
  • Report on the condition of the building and follow up any relevant points noted at inspection
  • Instruct day to day repairs as required
  • Ensure all Health & Safety and Fire Risk assessments are undertaken and kept up to date
  • Maintain an up to date asbestos register (if required) and ensure that contractors working on site are aware of any asbestos materials.
  • Appoint and manage on a day to day basis specialist contractors e.g. gardeners, landscapers, cleaners etc
  • Advise on any cyclical or major works required and oversee those works
  • Instruct and monitor any contractors required on site and ensure that they are adequately insured and have suitable Health & Safety policies in place and that they are financially stable
  • Deal with all queries promptly [we acknowledge all queries within one working day]
  • Oversee and manage any on site staff e.g. porters / concierge (if applicable)
  • We can provide Company Secretarial services is required

Our fees

We charge a management fee from £350 + VAT per flat/unit per year (depending on the facilities within the building).

Our fees are fully transparent and we do not add a mark up on any contractor invoices.

As well as acting for large buildings and estates, SP Property Group also work with smaller properties where a scaled back service is required.

Contact

For further information or to discuss your requirements, please contact our Head of Block Management, Stephen Britton: +44 (0)20 7244 4480 or stephen.britton@sppropertygroup.com