Block Management
Our Ethos focuses on offering our clients with 21st century management services, pro-active hands on approach and a dedicated team of experts to deliver our services to the highest of standards”
Richardsons Property Management is an established and leading managing agent in Gibraltar, managing residential and commercial buildings following strict RICS codes of conduct.
We focus our services on our strengths in management accounts, accurate service charge budgeting, and
importantly allocating appropriate resources to our instructions to ensure that all buildings issues
and resident enquiries and client requirements are dealt with as quickly as reasonably possible.
Why choose us?
You want a managing agent with a great track record. Richardsons is managing over £90 million of property in Gibraltar.
We currently manage the following buildings:
| Building Name | No. Units | Resi/Com | Appointed By |
|---|---|---|---|
| Buena Vista Flats | 24 | Residential | Buena Vista Management Company Ltd. |
| Electra Flats | 7 | Residential | Electra Flats Management Ltd. |
| Rock Gardens | 20 | Residential | Rock Gardens Management Company Ltd. |
| Rosia Court | 33 | Residential | Rosia Court Management Company Ltd. |
| The Hub | 143 | Residential | The Hub Management Company Ltd. |
| Sylvian Suites | 33 | Residential | Sylvian Suites (Management) Company Ltd. |
| Trafalgar Heights | 30 | Residential | Trafalgar Heights Management Ltd. |
| Cranbourne Gardens | 20 | Residential | Urbino Management Company Ltd. |
| 7-9 Cornwall’s Lane | 5 | Commercial | Private Landlord |
Total No. Units 315
We also manage a large portfolio of individual client properties where we undertake rent collection and property
management services for private landlords.
Our management department is a highly motivated team with extensive professional experience in this service sector, dedicated to the highest professional standards.
Following UK principles and RICS Codes of Practice, we offer a fresh approach to block management which has been favoured so far by our clients.
Our software forms the backbone to our management department and ensures that we manage all of our block management instructions efficiently and diligently and in accordance with strict accounting requirements imposed by the RICS and The Institute of Chartered Accountants.
We adhere to the “Service Charge Residential Management Code”, and which is set as industry standards for RICS members. By following this Code we obtain recognition from our clients that their money is in safe hands and is looked after to professional industry standards.
Our core block management service include the following:
- Creation of service charge budgets based on underlease covenants
- Collection of ground rents, service charges and other property income and liaison with clients and solicitors on collection of arrears.
- Management of service charge monies held in dedicated client accounts per estate.
- Service Charge consultancy services to review existing budgets and identify cost saving measures.
- Financial reporting including Age Debtors and Statement of Account.
- Client financial reporting including periodic statements of Income v’s Expenditure.
- Preparation of quarterly income and expenditure reports as well as budget compliance accounts.
- Identifying/paying expenses for suppliers, insurers, contractors, staff and consultants.
- Arranging and reviewing contracts to fulfil all management company obligations.
- Employing and supervising staff, on behalf of the management company.
- Authorising invoices and payment of all outgoings.
- Hold all tenancy details on our secure database to record all tenancy contact details and forwarding addresses for individual units in line with the Data Protection Act.
- Bank reporting, including bank reconciliations and cashbook reports.
- Attendance at Council of Management meetings and recording minutes of meetings held.
- Regular site inspections
The above is for guidance only and a full list of services can be provided on request.