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FAQs
Connect UK Nationwide LTD *
Frequently asked questions
What does the block management team actually do?
What are service charges and what do they cover?
Who is responsible for what repairs?
How are major works planned and agreed?
What is a Freeholder?
What is a freeholder? The freeholder owns the land on which the property is built. When the freeholder leases out the property, they are considered the landlord of the property.
If you are unsatisfied with the management of your block, find out how you can switch managing agents as the freeholder.
What is a Leaseholder?
What is a leaseholder? The leaseholder rents the building from the freeholder for a specified amount of time, typically a lease lasts for 99 or 125 years, but can be longer and can be extended.
If you are unsatisfied with the management of your block, find out how you can switch managing agents as a leaseholder.
How often will my block be inspected?
What Is a Service Charge?
What is a service charge? A service charge is an amount payable by a leaseholder or tenant, that contributes towards repairs, service, maintenance, general improvement, insurance, and management costs overseen by the freeholder, or managing agent.
If you are unsatisfied with the service charge you are paying, get in touch for advice.
What happens if someone doesn’t pay their service charge?
Non-payment of service charges can delay maintenance for the whole block. If charges remain unpaid, legal steps may follow, including recovery actions. Ensuring everyone pays helps protect the building’s condition, amenity and value.
Can we change our managing agent?
How do you keep residents and leaseholders informed?
What Is the Right-To-Manage (RTM)?
What is the Right-To-Manage? RTM grants qualifying leaseholders the ability to take over the management of their property if they feel the current management arrangement is insufficient.
RTM was first introduced through the Commonhold and Leasehold Reform Act 2002 and is a significant right for leaseholders and can be exercised by long leaseholders.
Using the right to manage requires a special RTM company and there are complex criteria and qualifying rules. As such it is recommended that if you are thinking about the right to manage, you should seek advice beforehand.
If you’d like some more information about the Right-To-Manage, read the Leasehold Advisory Service guide.
What Is the Point of a Reserve Fund?
What is the point of a reserve fund? A property with a healthy reserve fund is ultimately preferable to both occupants and the managing party.
This is because, in the event that major works are required in the property, a large portion, if not the entirety of the cost will be absorbed by the reserve fund.
This means that no additional service charge needs to be paid by the occupants.
A good reserve fund balance will also increase the value of the property, giving it an advantage over blocks and estates without one in place.
How are funds held and protected?
Monies collected for service charges and reserves are held in separate designated bank accounts in accordance with current regulations. We ensure money is managed properly and only used for the agreed purposes of maintaining your block.
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* Our Block Management services are operated by a separate entity, Connect UK Nationwide Ltd (Company No. 08336643), a company within the Connect UK Group.
