Posts Tagged ‘property management’

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

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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

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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

No more sales talk

Thursday, July 22nd, 2010

Yes we are a managing agent but the purpose of this blog is to help you make informed decisions as there remains a lot of uncertainty in relation to multi unit developments.  This is not their fault as people traditionally never had to think about cutting grass in public areas or public liability insurance as it was the responsibility of the local council usually.  Things have changed however and management companies now look after the running of developments and unfortunately with this responsibility come the costs.  This is an obvious reason why the councils were eager to ensure that any new developments had management companies.   This does not mean you should pay over the odds for your services.  You are probably in the best position in years to negotiate costs with suppliers.  You should however make sure that they are not unfairly undercutting the market and then not in a position to live up to their obligations.  Ask for references and carry out a thorough check online also.  The internet contains a lot of references to service providers but try and keep a balanced view.  One negative comment doesn’t mean that the service provider is the devil incarnate but it might indicate an issue if it is repeated.

 

Got a question?  If so, we will do our best to provide the answer. www.blog.blockmanagement.ie or call Kennedy Wright 01 2871905 with no obligation on your part.

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?

Useful links from the office of corporate enforcement

Sunday, May 2nd, 2010

The office of the Director of corporate enforcement has issued a detailed Company Law Handbook on Residential Property Owners’ Management Companies.  This is a  guide for management company directors and property owners to provide guidance on their responsibilities and obligations.

These pdf documents are available at the following link

http://tinyurl.com/managementcompany

or by contacting Kennedy Wright Estate and Managing Agents at 01 287 1905 or www.blockmanagement.ie

Feel free to contact our office at info@kennedywright.ie or call 01 287 1905 for more information or a free budget audit to find out how Kennedy Wright can help you achieve savings without a loss in service.

What is a managing agent?

Tuesday, September 22nd, 2009

Managing Agents (such as BlockManagement.ie) are employed by the Board of Management where the Board does not wish to undertake the full responsibility itself for the day to day management of the property.

The Managing Agents are NOT the Management Company, we are simply servants of the Management Company.  A good firm of Managing Agents will do everything possible to ensure that the Company honours its obligations to the individual owners and also that the individual owners honour their responsibilities to the Management Company and each other.

If you have any questions, please don’t hesitate to contact BlockManagement.ie and we will explain in detail the level of professional services available to you, without obligation.