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Case Study - Commercial Property - Management

Case Study - Commercial Property - Management

Published on Tuesday, 17 July 2007

Ref: JH/17/7'07           Jean Howe – Partner Kirkby & Diamond

 
Objective
The client owns a multi let multi storey block of offices. The requirement is to keep the income flowing whilst ensuring that the property is kept in good order.
 
Strategy
The strategy undertaken on behalf of the clients is to inspect on a regular basis at least annually to identify any periodic maintenance needs. Where tenants raise issues, these are dealt with within a matter of days by arrangement of contractors to rectify the faults.
 
Implementation
Over the last two years, Kirkby & Diamond have arranged the asbestos survey to be undertaken and preparation of a management plan in order to comply with the Control of Asbestos Regulations 2006. 

A fire risk assessment has been undertaken to ensure that the client’s building complies with the Regulatory Reform (Fire Safety) Order 2005, which has necessitated the upgrading of the fire alarm system throughout the building.  Periodic maintenance and redecoration is organised on behalf of the client.
 
The Result
A good working relationship has been established by Kirkby & Diamond with the tenants within the building. This enables any problems to be highlighted at the earliest time so that issues do not worsen through neglect.

Tenants are satisfied with the management of the building, which is kept in good order and is well maintained both externally and internally to the common parts, so that their businesses are presented in a good light to visitors. The freeholder is very satisfied as a result of the building being kept in good order and the knowledge that the building and ownership of that building complies with all necessary requirements of statute.