Details of Your Property

The following provides an outline of the matters you need to be aware of concerning your property. HMS will request such information from you should you wish to engage its services.

THE PROPERTY

  • Full address,
  • Age of property and basic construction,
  • Number and size of units,
  • Number of adjacent blocks,
  • Communal services provided.

OWNERSHIP

  • Full name and address of freeholder (and/or head lessee),
  • Structure of any freehold company,
  • Structure of any management company and its obligations,
  • Length of leases,
  • Contents of leases (main covenants) or sample lease,
  • Non-participating lessees,
  • Tenants (i.e. those in occupation without long leases).

MANAGEMENT

  • Structure of your board or association and its officers, and whether they are paid or volunteers,
  • Financial year-end,
  • Current management arrangements,
  • Expected date of HMS appointment,
  • Expected length of initial term of appointment,
  • Details of or a copy of the existing managing agent's contract,
  • Staff employed (if any) and duties,
  • Contractors employed and any present contracts in force,
  • Current state of day-to-day finances (budgets and actual),
  • Current state of any sinking fund,
  • Arrears situation,
  • Other known major problems.

 

 
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