Lite Management Services Include
Designed for buildings with 15 units or less and the concept is a pay as you go arrangement. A float of £500 is to be negotiated with all new Lites going forward to ensure cash flow is manageable.
Services include:
- Bi-annual property inspections
- Websites/ content maintained including meeting minutes
- Management of all routine maintenance
- Credit control
- Accounts meetings within working hours
- 12 month budget/ demands etc
- Quarterly reports (Budget year to date)
- Preparation of Service charge accounts for accountants
Restrictions of service:
- Maximum of two meetings per year (if held in line with property inspections) 1 if not held in line with inspections
- AGM to be one of the above meetings
- Section 20 works to be billed
- Insurance claims where anything above instructing contractors and handling of claim form is involved
- Time spent dealing with leaks to be billed where Chainbow involvement extends to beyond basic liaising
- Major works falling under section 20 limits where Chainbow are required to either project manage or liaise extensively with contractors/ leaseholders/ residents
- Problems that are transferred to Chainbow with management are to be billed as ad-hoc.
- Company Secretarial to be charged
This list is not exhaustive- if unsure please check the management agreement.
