Management

Good commercial property management requires time, knowledge and skill, which ‘self-managing’ Landlords, through no fault of their own, don’t always have. For a small fee, we will take complete control and responsibility for your property, proactively managing the landlord/tenant relationship and leaving you to concentrate on your core business.

Please download our Management brochure here.

Please download our Management brochure here.

We manage approximately £50 million worth of commercial and residential property, generating a rent roll in excess of £3 million per annum. We act for a range of private investors, professionals and entrepreneurs, both UK based & overseas. Our personal and professional approach and broad management package ensures all of their needs are adequately addressed:

  • rent collection – issuing demands and chasing late payers
  • arranging insurance
  • identification of asset and rental value enhancement opportunities
  • annual inspections and ad-hoc inspections where appropriate
  • maintaining regulatory compliance
  • Leting both commercial and residential parts and minimising vacant periods
  • dealing with tenant queries as and when they arise
  • overseeing rent reviews & break option negotiations
  • providing related services such as agency, refinancings, valuations, planning applications etc

Like any investment medium, a degree of active and positive Management is necessary to maintain and increase its value. Many of our clients will testify that allowing us to handle their commercial property management has paid back huge dividends, often because we have achieved fantastic sale prices for them, increased rents materially or foreseen and obviated a major liability before it arose.

Additionally, for Non-Resident Landlords (NRLs), we are registered with the HMRC’s Financial Intermediaries & Claims Office (FICO), meaning we are authorised to handle Overseas clients’ tax affairs, via our reputable, in-house, accountancy team. For more information, read our very informative Guide for Foreign Investors in UK Property here.

We regularly keep our clients informed as to all matters related to their investments, enabling them to remain fully in control and fully empowered.

We also provide the following Lease Consultancy services to managed and non-managed clients alike:

Rent Reviews, Lease Renewals & Break Clause Removal

Strong analytical, technical and professional skills combined with practical, business-minded and unique negotiating skills leads to effective results. Accordingly we have a proven track-record of settling rent reviews and lease renewals promptly on behalf of landlords.

Our commercial property managers work alongside specialist providers who can also represent in Arbitration, Independent Expert Determinations and Court Hearings if any disagreement cannot be settled bilaterally.

We also have experience in removing break clauses from leases by negotiating and compromising with the tenant in other areas. In the current market, lenders and investors assume tenants will exercise any break clause, reducing that property’s value.

Dilapidations & Schedules of Conditions

Dilapidations are accrued repairs and renewals over a period of a lease. At the end of the lease it is important that the property is handed back to the Landlord in the condition as defined by the lease terms, or, that adequate compensation is paid in lieu of carrying out works.

To achieve this the usual procedure is, following an analysis of the lease, related documentation and detailed property inspection, to prepare a Dilapidations Schedule setting out the Landlord’s position.

We work with expert Chartered Surveyors to ensure that the optimum solution is reached within a minimal timeframe and inconvenience to our client.

Equally, at the commencement of a lease the Landlord may wish to commission a Schedule of Condition to accurately record the condition of the property supported by referenced photographs and sketches for the avoidance of any doubt.

Lease & Title Plans

After the Land Registration Act 2002 came into force in October 2003, new leases of 7 years or more, or existing leases sold with 7 years or more unexpired must be registered with Land Registry along with a Compliant Lease Plan. We provide high quality lease plans, visiting the site, taking dimensions and providing an Ordnance Survey location map with the plans in the format that you need (CAD, PDF or paper).

Land Registry Title Plans are based on the Ordnance Survey maps. We can prepare a Title plan or update old ones and also show removed parts from a title plan to another title.

For more information please contact Priyen on priyen@pridemanagement.co.uk or 0203 113 2149

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