In this Q&A session with members of the PMS Managing Estates team we find out just how easy it is to change your managing agent to us and the benefits you will see when you do so.
A tenacious PMS Property Manager was determined to tackle a huge insurance hike facing her clients following a revaluation. The Leaseholders at Great Eastern Court, the converted railway station at Walton-on-the-Naze, were facing a block insurance price rise of nearly £1,800 in two years.
Why buy your freehold? Will it make my flat more saleable and if so what is the evidence for this? If you buy your own freehold, or a share of it, you don’t ever have to deal with a third party freeholder (and in some cases freeholders are absent). If you don’t own a share of your freehold you will be paying, typically in the Essex region anything from £150-£250 annually for ground rent.
Did you know that as a leaseholder you have the Right to Manage your own property in tandem with the other leaseholders in your block without your landlord’s permission? Since the introduction of the Commonhold and Leasehold Reform Act of 2002, leaseholders can take control by setting up a Right To Manage company (RTM).