Problems with Property Managment company
Discussion
Guys,
I have a business that is situated on a small industrial 'Business Park' comprising units and small office blocks.
The site has been developed over 5 years by a local business who, as well as being the developers, also started a seperate company to become the Management looking after the area.
I have made a few complaints to them as to why I am being charged a monthly maintenance charge for items such as street lighting, security, groundskeeping and general M&R. The reasons for my complaints have been, the street lights do not work down the whole road area and the only light comes from the premises themselves (paid by my and the other occupiers electric), my and many other units have had issues with kids breaking windows, road signs and generally being arses, I have an area landscaped on my property which I maintain myself even though the communal landscaping area comprises of bramble bushes which need hardly any maintenance.
The site is generally a nice area with some good largewell known companies on it.
On speaking to the management company, they have basically said the security guard has been stopped as no one on the site wanted to pay the bill(WTF? They have still been taking my money !!!) and really they dont want to be responsible for site anymore and are looking for some of the owners/occupiers to take over the management of the estate.
Can they just wash their hands of these issues and leave it as it is?
Is it worth my while (financially) to maybe look into taking over the management company and running the site myself? There are 8 small office blocks plus a hotel/pub and a couple of car dealerships.
I would appreciate any valid input especially from anyone in the management business.
Cheers
Kev
I have a business that is situated on a small industrial 'Business Park' comprising units and small office blocks.
The site has been developed over 5 years by a local business who, as well as being the developers, also started a seperate company to become the Management looking after the area.
I have made a few complaints to them as to why I am being charged a monthly maintenance charge for items such as street lighting, security, groundskeeping and general M&R. The reasons for my complaints have been, the street lights do not work down the whole road area and the only light comes from the premises themselves (paid by my and the other occupiers electric), my and many other units have had issues with kids breaking windows, road signs and generally being arses, I have an area landscaped on my property which I maintain myself even though the communal landscaping area comprises of bramble bushes which need hardly any maintenance.
The site is generally a nice area with some good largewell known companies on it.
On speaking to the management company, they have basically said the security guard has been stopped as no one on the site wanted to pay the bill(WTF? They have still been taking my money !!!) and really they dont want to be responsible for site anymore and are looking for some of the owners/occupiers to take over the management of the estate.
Can they just wash their hands of these issues and leave it as it is?
Is it worth my while (financially) to maybe look into taking over the management company and running the site myself? There are 8 small office blocks plus a hotel/pub and a couple of car dealerships.
I would appreciate any valid input especially from anyone in the management business.
Cheers
Kev
Edited by KevF on Tuesday 18th November 15:36
You need to start with your lease:
1. What services is your landlord obliged to provide
2. What are you required to pay? Check you are not paying for void areas (if there are any)
3. What costs can the landlord pass back to you for management costs if they don't do the works themselves (which they don't as it's a separate company). There may be a restriction on the amount that can be charged, sometimes it's 10% of the expenditure or something similar
4. Can you ask for detailed accounts
Can't help on the issue of you taking on the work, other than to point back to 3 above, that there might be a cap on what the landlord can pay out.
1. What services is your landlord obliged to provide
2. What are you required to pay? Check you are not paying for void areas (if there are any)
3. What costs can the landlord pass back to you for management costs if they don't do the works themselves (which they don't as it's a separate company). There may be a restriction on the amount that can be charged, sometimes it's 10% of the expenditure or something similar
4. Can you ask for detailed accounts
Can't help on the issue of you taking on the work, other than to point back to 3 above, that there might be a cap on what the landlord can pay out.
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