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Lettings Direct - Letting Agents, Property Management Specialists and Buy to Let Experts.

Block Management Companies...

What is a Block Management Company?...

A Block Management Company is a firm that is  appointed by the freeholder of a property to manage that property on their behalf.

In the case of residential leasehold  property (subject to the lease  permitting such an appointment) the  managing agent contracts with the  freeholder to  manage the property in accordance  with the terms of the lease and  statutory requirements. The freeholder may be an outside  investor or, indeed, the lessees  themselves in the form of an RMC.

It should always be remembered that the Block Management Company is only the agent of the freeholder or the person/organisation with legal responsibility for the management of the property, thus the ultimate responsibility for the full and proper  management of the property will  always remain with such a party.