Knowledge You Can Trust
In an industry where the goal posts are constantly changing having up to date knowledge and hands on experience is critical to being a successful block manager. Day to day we’re constantly using our knowledge and experience to answer many different questions but we always respond as objectively as possible and with our customers best interests at heart. Although the list below is not exhaustive, these are some of the common questions we get asked when taking over the management of a new block. If you have a more specific question please feel free to call us or send a message on the contact page and we will advise accordingly.
Managing Your Block
Financial
Building
Compliance
Block managers play an important role in educating leaseholders on the terms of their lease from the day they purchase their apartment to the day they sell. The lease between a landlord and a leaseholder will typically contain a number of covenant’s (i.e. restrictive or positive) relating to the leaseholders use and occupation of the building. If the leaseholder has breached a lease covenant, the terms of the lease will often specify the available remedies and even if a remedy is not specified, the breach may be sufficient to justify action such as forfeiture of the lease or injunction proceedings. Where a leaseholder is acting against the terms of their lease the block manager should always try and address any issues in the first instance using dialogue but persistent offenders should be dealt with swiftly. It is important to note when subletting leasehold property, the leaseholder will still be responsible for compliance with the lease covenants and thus if their tenant breaches a lease covenant, the leaseholder is likely to be the subject of any enforcement action taken.