What is Block Management?
Block management involves a property manager, often termed a ‘managing agent’, overseeing the communal spaces—both internal and external—of residential apartment complexes on behalf of landlords, developers, Resident Management Companies (RMCs), or Right to Manage Companies (RTMs).
In the realm of residential property management, block management goes by various names. It might be called ‘flat management’, ‘estate management’, or ‘leasehold management’.
Why Engage a Block Management Company?
Efficiently managing an apartment complex demands an adept, committed approach to residential property oversight. This management encompasses an expansive knowledge base covering areas such as landlord-tenant law, facilities administration, health and safety protocols, and building security, among others.
Tasks range from supervising building upkeep, handling service charge budgets and accounts, to ensuring adherence to all managerial and legal requirements. Given the breadth and depth of responsibilities, it can be labor-intensive. Employing a specialized residential block management company can streamline processes and ensure smooth operations.