Right to Manage – How to appoint a Managing agent?
You have completed your Right to Manage and now you have decided to have a managing agent to manage your building. You don’t want to take on the day to day running of the property. Youre concerned about the legislation and paperwork that you need involved. What is the role of a managing agent? The managing agent’s role is a complex one and it should also be professional. They need to carry out the role of what is required of the Right to Manage Company. They also need to know Landlord & Tenant Law. Building construction, Health & Safety regulations and basic accounting and more. There are benefits of a professional management. Which should be balanced against any fees which they will be charging you as you will have to bear these. Are there benefits of using an agent? Managing agents are professionals. They should have an organized approach to the planning. Collection of service charges. Reserve funds. As well as time tables for redecoration, repairs, inspection a