Practical property advice
Planning a block management handover
Directors of a resident management company should review the existing appointment, the lease and management responsibilities, then plan a controlled transfer of accounts, contracts, insurance, compliance records, arrears information and funds.
Practical steps to consider
- Step 1
Check who can authorise the change and on what terms.
- Step 2
Prepare a detailed records and contractor handover schedule.
- Step 3
Keep leaseholders informed without overstating the expected savings.
How Hermens can help
We provide residential estate agency, lettings and property management across West London and Surrey. We can discuss an appraisal, marketing, tenant finding or management support according to your circumstances. Services and fees are agreed before instruction; legal and tax matters may require separate independent professional advice.