Arrears that keep growing
Arrears roll from one year to the next, and the reserve quietly covers the gap.
One written arrears process, from first reminder to referral, applied the same way to everyone, with the position in every report.
Common issues in block & estate management
Arrears, late accounts, a reserve that would not cover a roof: these are the problems boards ask us about most. Here is what we do about each.
Common issues
Arrears roll from one year to the next, and the reserve quietly covers the gap.
One written arrears process, from first reminder to referral, applied the same way to everyone, with the position in every report.
A deficit every year, a reserve that is too thin for what the development will need, and nobody can explain the figures.
A budget built from your leases, contracts and real costs, with live spend monitoring so works fit the budget before they are approved.
Year-end accounts arrive months late, and you cannot see where the money went.
Records kept as the year goes, and reports on the dates you choose: budget, actual and variance, in plain figures.
Slow replies, a different person every time, and nobody senior to speak to.
A Precedent director involved throughout, who knows your development, with a direct line for your board.
A Section 20 consultation started and never finished, or works waiting on a decision nobody made.
We check where it stopped and what still stands, then take it through to a decision your board can rely on.
A fire risk assessment full of actions that nobody has closed.
Every action logged, owned and tracked until it is closed, and reported to your directors.
Arrears roll from one year to the next, and the reserve quietly covers the gap.
One written arrears process, from first reminder to referral, applied the same way to everyone, with the position in every report.
A deficit every year, a reserve that is too thin for what the development will need, and nobody can explain the figures.
A budget built from your leases, contracts and real costs, with live spend monitoring so works fit the budget before they are approved.
Year-end accounts arrive months late, and you cannot see where the money went.
Records kept as the year goes, and reports on the dates you choose: budget, actual and variance, in plain figures.
Slow replies, a different person every time, and nobody senior to speak to.
A Precedent director involved throughout, who knows your development, with a direct line for your board.
A Section 20 consultation started and never finished, or works waiting on a decision nobody made.
We check where it stopped and what still stands, then take it through to a decision your board can rely on.
A fire risk assessment full of actions that nobody has closed.
Every action logged, owned and tracked until it is closed, and reported to your directors.
Peace of mind
Client money kept apart from our own, an independent redress scheme behind every complaint, and a Precedent director who stays with your development.
If you decide to make a change
We plan it with your current agent and run it, working to the notice terms in your existing agreement.
We meet your directors and listen to what has not been working.
One proposal and one fee, based on a review of your leases. No packages, no small print.
We request the records, funds and contracts, and reconcile them before we take over.
A full picture of your development, walked through with your directors so everyone agrees the priorities.
An extract looks like this →
Service charge, year to date
| Budget heading | YTD budget | YTD actual | Variance |
|---|---|---|---|
| Communal cleaning | £3,120 | £3,010 | −£110 |
| Grounds maintenance | £2,400 | £2,655 | +£255 |
| Buildings insurance | £9,350 | £9,350 | £0 |
| Repairs & maintenance | £2,500 | £1,980 | −£520 |
| Total | £17,370 | £16,995 | −£375 |
Reserve fund & arrears
Compliance, next due
We will come back with a written proposal in good time for your budget. With no showroom head office to pay for, and meetings on site, our fee may surprise you. There is no obligation.
Not looking for a managing agent?Occasional help, when you need it: advice, company secretarial work, accounts support or a single Section 20 consultation, without full management. Quotations are available on request.
See more about consultancy
Precedent Estate Management is a limited company, registered in England and Wales, Company No. 16969312. Registered office: 61 Bridge Street, Kington, United Kingdom, HR5 3DJ.
Property Redress Scheme Membership No. PRS056648