Thinking of buying commercial property? Or perhaps you already own and manage commercial property? If so, you should consider using a managing agent.
Whether properties are held on tenant full repairing leases or have service charge arrangements, the role of a managing agent today is a complex one and requires knowledge of landlord and tenant law, building construction, health and safety regulations, accounting and more.
On the face of it, managing a commercial property may appear relatively straightforward, however, without the necessary understanding, experience and time input, issues can arise and can quickly get out of control resulting in time-consuming disputes, legal fees and unforeseen and often unnecessary complications.
The potential for queries from occupiers and external parties can quickly lead to Landlord’s getting out of their depth.
So, what does a Managing Agent bring to the table?
Professional managing agents bring an organised and professional approach to the running of commercial property and service charges including tenant liaison, collection of sums due, inspections, timetabling and arranging of redecoration and repairs, and supervision of works.
Their assessment of what needs to be done, and when, will be independent of private interests and preferences and based solely upon the needs of the property and leasing arrangements. The process of collecting funds and taking steps to recover unpaid charges will be dealt with professionally.
A good managing agent will be geared up to handle the mundane and time-consuming administration and will handle it more efficiently through better accounting facilities. Issues and disputes can be dealt with impartially by an arm’s length agent to limit the animosity and division which could arise and become personal between a Landlord acting directly with its Tenant.
The agent will identify the Landlord’s duties under occupational leases including health & safety requirements and relevant landlord and tenant legislation to ensure the Landlord is not exposed in these areas.
Why use Bolton Birch
Bolton Birch is a thriving, specialist commercial property practice that offers a complete commercial property management service together with other facets including, freehold and leasehold acquisitions and disposals, rent reviews, lease renewals, valuations and development advice. The practice is registered with the Royal Institution of Chartered Surveyors (RICS) for handling client money and insurance mediation work and clients benefit from the RICS Client Money Protection Scheme.
We already act for a diverse range of clients including pension funds, SIPPs, developers, property companies, charities and private individuals. The properties we care for are also varied, from multi-tenanted office buildings to shops, industrial estates, public houses, factories and shopping parades. Our property management service can be tailored to meet the requirements and complexities of each instruction. We deal with multi-schedule service charges and have plenty of experience in acting for communal area management companies. Bolton Birch will not compromise on client service and quality of work.
So what are you waiting for, get in touch and let us take the strain…
Click here to contact Bolton Birch today.