Our surveyors are frequently asked to act as property managers on behalf of many landlords and private and commercial clients across England and Wales. Below are some of the areas in which our surveyors, in their role as property managers, can assist.
- The full and proper screening or testing of an applicant’s credit, criminal history, rental history and ability to pay.
- Lease contracting or the acceptance of rent using the relevant legal documents approved for the area and ensuring that all lease terms are complied with in the long term.
- Mitigation and re-mediation regarding any maintenance issues, generally within a set budget, with prior or conveyed consent via a Limited Power of Attorney.
- The meeting of an owner’s investment objectives.
- The creation and maintenance of detailed tenancy records.
- Liasing with tenants on a day-to-day basis and dealing satisfactorily with any issues raised.
- Meeting statutory obligations.
- Operating property on an ongoing sustainable, economical and lawful basis.
So, if you or your organisation need any of the services above or are interested to see if we can help you with a role we haven’t covered here, please do get in touch.
Property Management and the Law
Across the Right Surveyors territory of England and Wales there is no statutory regulation concerning property management companies. Companies that manage rented residential property are often members of the Association of Residential Letting Agents. Companies or individual landlords who accept tenancy deposits for “assured shorthold tenancies” (the usual form of residential tenancy) are now required by statute to be members of a Tenancy Deposit Scheme.