Building service management as a Ltd co

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    Building service management as a Ltd co

    We are a block of four flats that bought the freehold last year. I own one of the flats and took the responsibility to manage the building and have dropped the service fees from 10k to 7k because of how inefficient the previous service managers were.

    i was asked by the neighbouring share of freehold buildings to also manage their building and I could charge a certain management fee, and will overall reduce their bill and get better local suppliers, building insurance etc

    My question is: I’d like to setup a Ltd company and manage the neighbours buildings for a certain fee. do i need to have any specific qualifications for that? Do I need to be legally approved as a surveyor or rics etc , or am I able to service the building thru my company with no qualifications?

    many thanks!

    #2
    You need to belong to a property management redress scheme, of which there are two.

    There is talk of introducing qualifications, but none are currently required.

    You should ensure you have a good understanding of the RICS Service Charge Residential Management Code, Health and Safety and Landlord and Tenant law.

    Obviously you need to know when you are out of your depth, and need to call in a qualified person.

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      #3
      Thanks leaseholder64!

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