Oak Property are a Managing Agent who can offer a bespoke service as unique as your development. Specialising in block management, these are just a few of our services:
In 2004 it became a legal requirement for a Management Company to be set up in any development with communal areas. The Management Company is responsible for looking after these communal open spaces, such as grounds and apartment blocks.
When you sign to purchase your property, you also sign a lease/transfer document, and this means you become a shareholder in the Management Company and have a say in how that company is run.
A Managing Agent is appointed to ensure the Management Company meets all its legal obligations and requirements. We will also provide legal advice to the Directors and the shareholders on how the Management Company is run.
As Managing Agents, we will provide a fully transparent and professional service ensuring complete value for money services. We are responsible for the calculation and collection of all service charges and for ensuring that all shareholders are bound by their lease/transfer document.
Each Company will have their own bank account. All cheques are verified by shareholders and only your money can be spent on your service. Without your authorisation we will not have access to your bank account.
We use M J Kane & Co Accountants Ltd to carry out the monthly reconciliations and cash flow. They also carry out annual accounts to be presented at the AGM and calculate the next years costs. We also offer all management companies the facility to have the accounts audited independently by another accountant to give you peace of mind. Staff from M J Kane & Co Accountants Ltd can attend any AGM or EGM to discuss financial matters with the shareholders and Directors if required or requested.
Regarding annual insurance, we aim to get the most competitive quote and the best customer service in the event of any claims. We use insurance brokers to source the best premiums available on the market from all insurance companies.
The insurance cost is what is on the policy and the full amount is paid directly to the insurance company. If there is a claim, then any pay-out will be to the company and lodged in your bank account. If there are no claims, then you benefit from any reduced premiums.
We use only approved contractors who have fully trained and qualified staff.
They must produce their insurance certificates and estimates of all work before any authorisation is given. We will communicate with all Directors and shareholders before funds are spent outside of the agreed costs at an AGM or EGM.