The management of blocks of flats, whether purpose-built or converted, calls for specific expertise in areas such as budgeting and accounting, maintenance and compliance with Health & Safety and other legislation. The Companies Acts demand various statutory annual returns and require particular know-how. EPS Residential provide an all-encompassing service to management companies and other groups in the running of communal buildings.
The following is a brief outline of the services performed by EPS as Managing Agents:
Proposal of a member of EPS Residential as Company Secretary to carry out all duties including looking after the accounts, signing cheques and dealing with official returns in relation to the Companies Acts.
Taking care of the day to day maintenance, management, cleaning etc. of the communal areas including provision of 24-hour emergency call-out.
Carrying out property inspections to assess the superficial condition of the property or to view works in progress.
Arrangement of buildings insurance.
Arrangement and attendance of the Annual General Meeting.
Attendance of regular meetings with directors to discuss and advise ongoing matters, changes in legislation, planned maintenance etc.
Preparation of an annual budget of likely communal expenditure and presentation of that budget to the members for approval. Advising on the provision of reserve funds and sinking funds.
Provision of regular statements of income and expenditure.
Preparation of annual company accounts in accordance with the lease terms and liaison with accountants.
Liaison with solicitors over conveyancing enquiries relating to the sale and purchase of flats.
Collection of service charges in accordance with the approved budget.
Collection of any ground rent and dealing with the Freeholder, if applicable.
If you would like to know more about how EPS Residential can manage your building, please e-mail, telephone or call into our Clifton office.