Why Do You Need A Managing Agent?

The Managing Agents
Stamford Independent Property Management & Letting Agents can be appointed by either your ground landlord or by the management company.  Our function is to manage and maintain the development on their behalf in accordance with the terms of the Lease or Transfer.

Independence
We are independent of the landlord and/or the management company and undertake our duties in accordance with regulatory legislation.  Where appropriate, we consult with all parties and our company policy is to be as open and fair as possible.  We make every effort to provide clean understandable information to property owners.

Relationships
Although we take our instructions from the landlord or the directors of the management company, we always endeavour to establish a good relationship with property owners in order to be aware of their wishes and aspirations.

Company Administration
Where there is a management company we receive a separate fee for acting as Company Secretary, administering company books, dealing with Companies House Returns, running an AGM.  We may also be required to serve notices, complete Tax Returns and provide annual reports etc., for which extra costing would be applied by prior agreement.

The Lease or Transfer
The covenants, regulations and basis of service charges are set out in your Lease or Transfer.  This is the contract between you as owner and the ground landlord or management company.  Not all leases are the same, but in general property owners are responsible for “the demise” which is your flat or house.  This includes all internal walls, ceilings and floors, windows, glass and their frames plus all services that exclusively serve “the demise”.

The Landlord or Management Company are responsible for repairs to the common areas and common services, the structural fabric of the building, including roofs, main walls, gutters etc., and problems emanating from the building.  The cost of these repairs is financed by the service charges levied on property owners.