"Can I just say a huge thank you to everyone at Hurford Salvi Carr Property Management for doing a sensational job since the RTM takeover. It really has been a different league to what we had experienced before."
Director, RTM Company, London SW4
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Service Charge Accounts Administrator
Responsible for a portfolio of service charge accounts, which includes issuing service charge demands, dealing with lessee queries, ground rent collection, supplier payments, balancing charges, banking and monitoring cash flow. Read more...
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We read a very interesting article in the Financial Times recently on Terrorism Insurance, so we thought we'd share it:
Companies are facing a sharp increase in the cost of protecting themselves against terrorism after George Osborne, the chancellor, demanded a big rise in the fees the Treasury receives from a collective unlimited backstop fund, insurance executives have warned. The Pool Re scheme, established 21 years ago when the IRA was carrying out attacks, is designed to meet the commercial property claims of insurers arising from terrorist incidents. Funds are built up through premiums on the industry. If losses from an attack are so large that they exhaust the funds – which stand at £5.5bn – the Treasury steps in to make up the shortfall. In return for this guarantee, it charges a fee of 10 per cent of Pool Re’s annual premium income, paid by the insurance industry.
In the latest update on the Philips v Francis case on Major works, News On The Block wrote:
The court of appeal has overturned the decision of the High Court in Philips v Francis. For the last two years there has been considerable anxiety amongst landlords, property managers and leaseholders regarding the interpretation of the meaning of 'qualifying works'. Today's ruling provides much needed clarity to the position and will be welcomed by all those involved in major works across the industry.
Look out for HSCPM's piece in Flat Living Magazine's issue number 19!
HSCPM's Group Managing Director, Jim Thornton, has written a piece investigating the confusion around service charge accounts for Flat Living's October issue.
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