VFM Have Been Appointed Managing Agent By Prestigious High End Residential Development

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Disgruntled leaseholders appoint VFM to take over from OM Property Management in a luxury apartment development in South Croydon, UK on the 15th September 2011

Spire Residential Property

Spire Property

“We are delighted to have been chosen as managing agents for this prestigious high end residential development,” says Russell Dyer (Owner of VFM).

Residential block management agent specialist VFM, has recently been appointed to take over the management of a prestigious, high end, residential development in South Croydon.

The leaseholders having formed a new Right to Manage (RTM) Company, have taken over the management responsibility from the previous managing agent OM Property Management. Part of VFM's initial services involved unravelling the limited handover information and securing the transfer of the leaseholders' service charge funds, some of which still remains to be made available.

The lessees had become frustrated and dissatisfied with the way service charges, freehold management and control of expenditure were being handled under the previous arrangements. Their solution was to set up the new RTM company through which each of the lessees now has a say in their property's freehold management. Each lessee owns a share in the new RTM company which required a simple majority to force the freeholder, Solitaire, to allow the changeover.

“We are delighted to have been chosen as managing agents for this prestigious high end residential development,” says Russell Dyer (Owner of VFM).

Since taking over last month, VFM has made substantial savings by procuring new service contracts which provide better value whilst improving quality standards. The leaseholders freedom of choice is paying off already and the service charge budget for next year is set to reduce significantly. The benefits of the RTM's decision to employ VFM as their managing agent is clear to see in both quality of service and cost savings.

VFM Property Management is Regulated by the Royal Institution of Chartered Surveyors (RICS) which guarantees a no risk, quality assured service being the mark of property professionalism.
VFM operates throughout London and the South East region and provides residential property management services. Being Chartered Surveyors, VFM also offers quantity surveying and project management consultancy expertise on construction, repairs, maintenance and development works.

When it comes to maintaining and ensuring the smooth running of freeholds and property management for blocks of flats or apartments, few things are more essential than securing the services of professional property management agents.

VFM Property Management is considered as one of the UK's top suppliers of block management agent services for landlords and freehold property management companies. Their services have proven immensely popular with time pressed landlords and directors and leaseholders of freehold property management companies.

For more information please visit - http://www.vfmproperty.com

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Alex Mungo
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