Block Management - Freeholders
The Gallery Properties provides services for ground rent investors and individual, corporate and developer freeholders and our aim is to provide a service to our clients that is completely transparent, efficient and definitely cost effective. We believe this is paramount in protecting and maximising the value of your investment.
We are dedicated team of portfolio managers with a wealth of experience across all aspects of residential property management. In order to protect your investment and to ensure the smooth and efficient running of your property:
As you may or may not be aware, there are tools available to long leaseholders of blocks of flats to either acquire the Freehold Estate (also known as collective enfranchisement) in accordance with the Leasehold Reform Housing and Urban Development Act 1993 (as amended by the Common hold and Leasehold Reform Act 2002) or take away the Landlords Management functions under the Lease via the Right to Manage in accordance with the Common hold and Leasehold Reform Act 2002.
The long leaseholders do not need to provide evidence that the management of the property has been bad or indifferent in order to acquire the Right to Manage nor do you have to offer the sale of the freehold interest to the long leaseholders in order for them to collectively enfranchise; in light of this we provide a different management approach for freehold clients than some of our competitors to significantly reduce the risk of the long leaseholders collectively enfranchising or acquiring the Right to Manage.
This is achieved by providing the long leaseholders with a completely transparent service, keeping them fully informed of developments within the property by way of quarterly update reports, holding Residents meetings on an annual basis and actively monitoring service charge expenditure which in turn, reduces the likelihood of significant increases from one year to the next. This ensures that we have a strong relationship with leaseholders and they do not generally feel a need to seek alternatives.
The Gallery Properties Ltd
Residential & Commercial - Sales & Lettings
Dresden House, 51 High Street