Posts Tagged ‘kennedy wright’

Are you looking to receive quotes for your management company?

Monday, January 14th, 2013

Please e mail info@kennedywright.ie if you are looking for a quote from managing agents providing property management services for your development.

If you feel you or your fellow  directors are not ready or would like more answers or information, please feel to email or call us with no obligation on your part.

www.blockmanagement.ie

01 2871905

info@kennedywright.ie

What is a management company?

Thursday, March 29th, 2012
It is important that all owners appreciate the necessity for a Management Company as part of the legal, day-to-day structure in multiple unit developments, whether they are apartment blocks, town houses, retail or office developments.

All common parts and services within any complex, not belonging to or the responsibility of a specific person, must be vested in a body or company. These common areas may be internal and/or external.

Each owner is a Member (or shareholder) in this Company. The Company has responsibilities to all the members to ensure that the common parts are maintained to a high standard for the enjoyment of all concerned.

The Company (in effect, the residents’ or owners’ Company) is responsible for the maintenance and upkeep of all open spaces and services relating thereto. If it is an apartment block, the company is also responsible for the upkeep and maintenance of the buildings and grounds. The full responsibilities of the Company are outlined in the Company’s Memorandum and Articles of Association, and in the Management Agreements attaching to the Title documents.

Similarly all owners individually have a co-responsibility to the Company to perform certain obligations as set out in the Management Agreements, including payment of service charges.

Thus, the Management Company has clear responsibilities to all of its Members and the Members have definite responsibilities to their Management Company and to each other.

To contact our office click here

www.blockmanagement.ie

The Company, like all limited companies, is managed by a Board of Directors or a Board of Management. It would not be possible to have all owners of an apartment block on the Board, so six are normally chosen to represent all and these are voted in at the Annual General Meeting each year. At the beginning, until all the units in a development are sold, the Board of Management normally comprises of the developer and/or their solicitor, or solicitor’s staff.

When all the units are sold, the control of the company is handed over to the owners themselves who elect their own Board.

Blockmanagement.ie logo

Blockmanagement.ie

Looking for a new Managing Agent?

Friday, June 24th, 2011

Managing Developments across Wicklow and Dublin. 

Blockmanagement.ie          e: info@kennedywright.ie  012871905

Join us on facebook

Developments must be handed over by developers no later than 01 October 2011 under the Multi Unit Development act.  Call our office to find out how you can increase the level of service and save money on your service charges. 

What every residents committee or management company seeks is trouble free, cost efficient management of their Estate or development. The effective running of your development not only enhances the appearance but the value of your home.

Blockmanagement.ie is committed to ensuring that uncompromising standards are met through a transparent and cost efficient service that ensures the long term success and sustainability of your development. 

 

About  Blockmanagement.ie

Blockmanagement.ie has three offices located in Greystones, Tallaght, and Rathmines offering coverage for block management services from Dublin City Centre down to Wicklow.  Blockmanagement.ie trading as Kennedy Property Management and Kennedy Wright Managing Agents have been managing developments varying in size from 12 to 520 units across both commercial and residential developments since 2003.  As the market becomes more open to competition as a result of the Multi Unit Development, Blockmanagement.ie continues to grow as residents are now in a position to hire the agents they want.  Our ongoing growth is testament to our reputation as a premier provider of block and estate management services ensuring the needs of the residents remains the priority.

Our Values

Blockmanagement.ie are dedicated to offering a service that meets the needs and best interests of the development.  Our long term success is based on transparency and looking after the needs of the residents. Our agents will always ensure value for money is achieved through ongoing tendering processes to ensure contractors keep providing value for money.  We are more than happy to provide references from our residents and directors in developments we currently manage.

Quality at Blockmanagement.ie                                   

You can be assured of our experience in managing your development through the provision of financial accounting services, contractor liaison, customer service and emergency assistance.  Blockmanagement.ie are also in a position to offer an unrivalled legal service to ensure the effective running of the development.  With the provision of legal advice at no extra cost, blockmanagement.ie are in a position to ensure corporate compliance of the management company and to provide guidance should legal difficulties arise ensuring any legal costs are eliminated or kept to an absolute minimum.

Additional services

You can be assured that the services you thought were included in our fees actually are included.  Company secretary services are provided as part of our agent fees as part of our open transparency in how we bill our clients. Should you require an additional directors meeting or EGM, these  are included in our fees. Any services will be clearly indicated and highlighted which include Company registration charges of the management company. 

Reporting & Accountability

If you make contact with one of our offices, you can be assured that your queries will be dealt with.  We realise that you are our employer and we have a duty and responsibility to answer all questions and deal with all queries in a timely and efficient manner.  Our retail offices offer the residents an opportunity to call in at any time offering face to face service.

Contact Details

Blockmanagement.ie

www.blockmanagement.ie

info@kennedywright.ie   01 2871905

info@4pm.ie  01 4977705

Join us on facebook

New multi unit bill explained

Tuesday, April 26th, 2011

The Multi-Unit Developments Act 2011 (the “Act“) was signed into law by President McAleese on 24 January 2011.  Sections 14 and 32 of the Act took effect on 24 January 2011 and the other provisions of the Act are to set to come into effect upon the introduction of subsequent commencement orders later this year. Sections 14 and section 32 provide for a legislative structure of owners management companies (“OMC“) and restrictions on the entry by the OMC into certain contracts respectively.  It is section 15 of the Act that deals with the structure of OMCs of existing, as opposed to, new developments.

It should be noted that under the Act, the developer must transfer the legal ownership of the common areas (or relevant parts) of a development to the relevant OMC prior to the disposal of any units in the development or where the development in question has already been completed, the developer must transfer the common areas to the OMC within 6 months of the Act coming into force.

The Act applies to mixed unit developments in addition to residential only developments.

Key points to note:

(i)    the OMC must be set up at the expense of the developer in a new development;

(ii)    the developer must indemnify the OMC in connection with any losses or damages arising and suffered by the OMC due to any acts or omissions by the developer during the development stage;

(iii)    section 18 makes clear that all service charges are to be agreed by members at an annual general meeting of the OMC;

(iv)    section 19 deals with the subject of an OMC’s sinking fund. It is compulsory to establish such a sinking fund and the Act sets down that each unit shall discharge an amount of €200 per annum (or such other amount as may be agreed by the members) to the sinking fund.

(v)    no OMC may enter into a contract with a contractual period in excess of three (3) years or where a contract provides for a penalty payment where the contract is terminated by an OMC after a period of three years.

If you have any queries in connection with the above, do not hesitate to contact info@kennedywright.ie

This note is not indended to act as legal advice but is for information purposes only.

Join blockmanagement.ie on facebook

Join blockmanagement.ie on facebook

Multi Unit Development bill comes into effect on 01 April 2011

Saturday, March 5th, 2011

The multi unit development bill comes in force as of the 1st April ending the stranglehold over residents in multi unit developments. Under the act, among other requirements, developers will be forced to hand over common areas and control of the management company.

From the 30 September, developers will be legally obliged to handover common areas and control of management companies allowing residents take control how the management company is run and who to appoint as managing agents.  This legislation will make managing companies directly responsible to the residents allowing greater transparency and lower costs as competition opens.

The bill includes a number of other areas concerning living in multi unit developments providing instructions on how management companies are run.  To find out more about the bill see www.blockmanagement.ie or call 012871905.

If you are interested in becoming involved in your management company and wish to find out how savings can be achieved, call our office for a no obligation quote on your service charges.

See post on department of Justice website http://www.justice.ie/en/JELR/Pages/Multi_Unit_Act

Who are the management company?

Thursday, January 13th, 2011

A common mistake when residents are unhappy with the service they are receiving, they often blame the management company as if it were nothing to do with them.  If you are in a managed estate, then all residents are members of the management company, that includes you.  The managing agent is employed by you the residents which is the management company and the destinction between the two is often mistaken.  Dont worry this is a common mistake.  Unfortunately, there remains a lot of unhappiness about how estates and developments are being run.  Often this can be the management company but also the agent.  If a resident is not happy with the service whether thats the managing agent of companies fault, a common way of trying to voice their concerns is to hold back their service charge.  As a member of the management company, this option is not open to you and you could end up paying additional interest charges. We suggest that if you are not happy with how it is run, then you need to either contact the directors of the management company(usually residents although developers may remain in charge if it has not been handed over) or more actively volunteer to become a director of the management company.  This can happen by getting elected by the residents at the agm.  Normally any interested parties are voted in at an agm.  Main condition is that you must not be in arrears.

For more information on management companies or managing agents call 01 2871905 or e  mail info@kennedywright.ie

See http://www.consumerproperty.ie/your-issues/property-management-membership.html also for more information

Property law may fall at finish line

Saturday, January 8th, 2011

New bill due to be passed is looking unlikely to be passed according to opposition parties.  See Irish times article from 6 Jan 2011.

Plans to regulate the property industry and set up a house price register look as if they may collapse

PLANS to regulate the property industry, promised for the past five years, as well as the setting up of a national house price register, may collapse in the next two months.

The Property Services (Regulation) Bill 2009 is unlikely to be passed before an election is called, says Pat Rabbitte, the Labour Party’s spokesperson on Justice. Alan Shatter of Fine Gael also believes it will not be “possible to enact this legislation before the election, because of the Government’s failure to act sooner”.

If the bill does not make it across the finish line before an election, plans to license and regulates auctioneers, letting agents and management agents will fall.

The role of the Property Services Regulatory Authority (PSRA) – a body set up five years ago but which will have no teeth until the Bill is passed – will be called into question. And the establishment of a national house price database, a job being given to the PSRA, would be delayed.

However, the completely unregulated activities of management agents of apartment complexes, which have become a major issue in the past decade, will be regulated by another piece of legislation, the Multi-Unit Developments Bill, which Mr Rabbitte believes will become law before the election is called. It was passed by the Dáil just before Christmas. However, management agents will remain unlicensed if the Property Services Bill is not passed.

The setting up of an independent authority aimed at “stamping out unscrupulous practices among estate agents and auctioneers” was announced by then Minister for Justice Michael McDowell in October 2005. It was to operate on an interim footing from January 2006 pending passing of legislation that year.

In the event, the Property Services Bill was published in May 2009, passed the second stage in the Dáil in November and has reached committee stage. A Department of Justice spokesperson said that it was now a matter for party whips whether it will be given Dáil time.

Meanwhile, the authority, has been operating out of offices in Navan, Co Meath with a staff of 10 since 2007. It has established a guide for users of property services and a voluntary code of practice; it investigates complaints, but has no authority to discipline rogue agents.

If the Bill is not passed, a new Fine Gael/Labour government is likely to introduce legislation to regulate the property industry, although not necessarily reproducing the current bill. “We believe legislation in this area is a vital necessity and should have been enacted over five years ago. Fine Gael supports the Bill but wants to see it improved substantially,” Alan Shatter said yesterday. “We would certainly publish a far more comprehensive bill in government.”

Mr Rabbitte also believes that regulation of estate agents is vital. “The Labour Party would certainly be committed to legislation to regulate estate agents and auctioneers but would examine if it could be done by an existing body, e.g., the Property Registration Authority ,” says Mr Rabbitte. He has also suggested that the National Consumer Agency might have a role to play.

A house price database promised by the Government last August to establish accurate property values is due to be administered by the PRSA. However, not everyone agrees that it is the right body to do this. Kersten Mehl, president of the Irish Auctioneers & Valuers Institute (IAVI), says that existing bodies – like the Valuation Office, Property Registration Authority and the Revenue Commissioners – already have information needed to produce a database.

Both bodies representing auctioneers want the the bill be passed. Ed Carey, acting chief executive of the Irish Auctioneers & Valuers institute (IAVI), says that it is “concerned that the legislation will get lost in the wilderness; we have sought regulation for many years. Establishing minimum education standards for entry into the business is our big concern”.

Fintan McNamara, chief executive of the Institute of Professional Auctioneers & Valuers (IPAV), says that there is broad acceptance of the need for regulation but says IPAV is concerned that the cost of running the PSRA (estimated at about €3m a year), which is to be paid by way of levies on agents, could be too great.

To find out more about the NPSRA and who has signed up see http://www.npsra.ie/website/npsra/npsraweb.nsf/page/index-en

Want to know more about the NPSRA E mail info@kennedywright.ie

Update:  The bill was passed and is now the MUD act which entails the handover of developments to the residents of the management company by 01 Oct 2011.

What percentile are you? 75% in this brief conversation were not happy with their agent

Saturday, August 21st, 2010

Which percentile are you? In this case 75% were not happy with their agent.

From a brief conversation between colleagues at work about managing agents.�
‘Hi Katie,  I’m an owner/occupier in a development managed by your office. I finally got around to catching up on my home emails last night ! I read the minutes of the AGM, very helpful when I couldn’t attend, – I wanted to add my thanks to all the directors and those involved in the running and maintenance of Charlesland, and I agree the place is looking really well. I recently had a conversation with work colleagues on management companies and I’m afraid out of four of us, I was the only one to put forward a very positive experience, they were impressed!’

Name is with Kennedy Wright Managing Agents.

www.blockmanagement.ie

Why you should question your service charge

Tuesday, July 6th, 2010

If you are living in a multi unit development, you will be paying a service charge to the management company to look after communal areas and also for public liability insurance among others.  Whether you are selling or not, and you want to maintain the value of your property, you need to ensure that your management charge is as low as possible while maintaining the level of service.  The reality is that the higher your service charge the lower price you can expect to receive if you decide to sell.  With increaseing unemployment, higher service charges will also put your management company under higher financial pressure.  We have achieved signficant savings and successfully lowered the service charges for our clients in addition to a higher level of services provided.  Don’t take our word for it as we are happy to provide references.  If you are interested in finding out how you can reduce your management charge, call 01 2871905 or e mail info@kennedywright.ie

Some questions to ask a potential managing agent.

Friday, May 14th, 2010

Are you a director and looking to hire a new managing agent?  As a Director and as an owner in your development, you want to ensure that the managing agent you select carries out what is expected of them.   A poor choice of managing agent can have a long lasting negative effect on the development which may take years to repair.  As a managing agent, Kennedy Wright have posted a few questions you might want to ask any potential managing agent.  While not exhaustive, it will help in finding out whether an agent has the capability to meet your requirements and minimise any risk to your development and home.  Best of luck with your selection and feel free to ask a question.

 

For more information see www.blockmanagement.ie or call 01 287 1905 or e  mail info@kennedywright.ie

 

- Please provide all relevant company details, including the names and qualifications of all directors and a list of proprietors if not a quoted company.

- Will your fees carry VAT?

- How close are your offices to our property?

- How many years have you been in the property management business?

- How many staff in your company are involved with management?

- How many blocks do you manage, and how many units therein?

- Please supply three references for blocks you manage. Ideally these should be similar to our own property and in our area.

- Please supply name and telephone number of chairman/secretary of the managing companies in those blocks.

- What is your fee structure?

- How can you convince us that you can offer a quality service at a fair cost?

- How comprehensive a panel of contractors do you have?

- Do you charge a fee for contractor selection and/or a percentage of their charges for:
- Contractors chosen by you?
- Contractors chosen by us?

- What selection criteria do you use for contractors on your panels?