Property Management

Helping Property to Perform

Pro-active property management is the key to improving the performance and value of building assets, whether held for investment purposes or as an owner-occupier.  Through our network of offices we offer a comprehensive estate management service for properties throughout the UK.
Examples of property currently under the management of storeys:ssp include out of town office developments, business parks, shopping centres, shopping parades, multi-occupied office buildings, industrial estates and residential multi-occupied complexes.

Estate Management as a property service can be broadly divided into three areas:

• Financial Management
• Building Management
• Asset Management

Financial Management

• Record and maintain computerised Estate Records including details of occupational leases, rent, service charge, covenants and floor areas.

• Service charge analysis and reconciliation

• Service charge costings and budgeting for forthcoming service charge year

• Regularly review and re-tender management service contracts to ensure quality and value for money

• Make all necessary payments to suppliers, contractors, staff, consultants and professional advisors used in connection with the management of the property

• Demand and recover rent, service charges, insurance premiums and all payments due under the terms of occupational leases

• storeys:ssp are authorised and regulated by the RICS for the conduct of property accounts and insurance business

• Regular inspections of the building together with common areas

• Inspections at least annually of tenants demised areas

• Where necessary supervise site staff as is necessary for the proper management of the property (includes where appropriate management personnel, cleaning and security services) and properly administer any contract

• Advise on applications by tenants for consent for alterations and assignments

• Facilities management

• Planned maintenance programmes

• Health & Safety, Fire Risk Assessments and Disability Discrimination Act Audits.

• Advise on repairing liability and interpretation of lease terms

• Tenant liaison

• Keep accurate records of tenure, tenancies, rent reviews, lease expiries, options and other significant events affecting the property

Asset Management

• Hold regular client meetings to review surveying and accounting issues

• Review performance of asset with appropriate benchmarking

• Review service charge budgets/actual expenditure with appropriate benchmarking

• Liaise with supporting disciplines on agency, building and professional issues

• Input into improvement measures and development opportunities to enhance the asset

Other specialist areas in which storeys:ssp Property Management Division are involved include:

• Insurance valuations and advice on the appropriate policy for particular properties
• Rent review and lease renewal negotiations
• Law of property act receivership appointments
• Capital valuations of land and buildings
• Local market knowledge allowing advice on disposal and acquisition

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