For more information on Block Management Services please call 01438 870550 or 07766 750723
The effective collection of Service Charge payments from leaseholders is integral to minimising the pressures of financially managing a site. Solutions for Property have tried and tested methods of making payments as stress free as possible as we know that everyone has different economic circumstances.
So what makes us different?
- We give the option of allowing the Residents Management Company the ability of facilitating their bank account. In most circumstances, this is with the added benefit of on-line banking making payments and administration as simple as possible. All we ask is that we have ‘read-only’ capability to assist in tracking payments.
- We allow payment to be made on a monthly, half yearly or annual basis. We have proved that contributions are less likely to fall behind if people can choose the payment frequency.
- Annual budgets are agreed at the beginning of the financial year and are only amended by majority vote during the Annual General Meeting. We know that a clear and accurate budget in which everyone signs up to is more likely to reduce non-payments
- We track service charges on a monthly basis and work with those who are having difficulties. We deal with leaseholders on a personal level and never have to use tough tactics to ensure payments. By delivering a great service, most never fall behind as there is clear evidence of where their money is being spent.
- We always aim to build a ‘reserve fund’ to ensure that there are monies to complete any works without having to issue a Section 20.