Property Management Flashcards

(21 cards)

1
Q

Summarise the schedule of condition

A

Before an AST commenced, I produced a schedule of condition to record the condition of the property. I record all features and amenities inside and outside the property, as well as any defects that were present.

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2
Q

Summarise croome management agreement

A

I prepared a summary report of Croome Management Agreement which is used to manage the common areas of Croome Court and the neighbouring residential freehold properties. I reviewed the original management agreement, all meeting minutes, and resolutions. I presented my report to my client, advising them of the appropriate processes and agreements for various aspects of the management agreement.

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3
Q

Summarise Upper Brompton

A

I advised the estate manager of the works required to a vacant house to prepare it for re-letting. I provided them a list of required works, and some suggested works. I also provided an estimated rental value and internal rate of return to assist them in their application for internal funding. Once the works had been agreed, I instructed the contractor, and ensured the property was safe for viewings

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4
Q

What legislation regulates the condition of rented properties?

A

Homes (fitness for human habitation) act 2018 - ensures rented properties are safe, healthy, and fit for human habitation, holding landlords accountable

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5
Q

What are some of the things that wouldn’t be acceptable under the Homes (fitness for human habitation) Act 2018?

A

Unsafe electrical wiring
damp, inadequate heating

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6
Q

What is the Housing, Health & Safety Rating System (HHSRS

A

Risk based assessment to evaluate housing conditions

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7
Q

Which act covers landlords and tenants rights in relation to residential tenancies?

A

Landlord and Tenant Act 1985

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8
Q

Which act covers the provisions around the repairing obligations for residential properties?

A

Landlord and tenant act 1985

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9
Q

how could a schedule of condition help in a dispute at the end of a tenancy?

A

Shows the condition the property was in at the commencement date.

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10
Q

Can a landlord charge the tenant for producing a schedule of condition?

A

No - under the tenants fees act 2019

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11
Q

How frequent are EICRs required?

A

every 5 years

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12
Q

What are the timeframes for remedial works identified in an EICR?

A

C1 - immediate. Electrician must make it safe before leaving

C2 - urgently, as soon as possible

C3 - recommended but not required

F1 - further investigation required before certificate is valid

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13
Q

What are CDM regs?

A

Construction design management regulations

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14
Q

When do CDM regs apply?

A

In construction projects

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15
Q

What is a principle designer?

A

The contractor appointed when there are multiple contractors. In charge of the design decisions

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16
Q

When does a construction project become notifiable to HSE?

A

lasts more than 30 days AND has more than 20 people working on site at once

17
Q

How did you determine the contractor for upper brompton refurb?

A

Compiled a schedule of works with the building surveyor, requested quotes from 3 contractors after showing them around the property, compared the quotes and instructed the most suitable contractor

18
Q

What is the process of instructing a contractor?

A

Ensure insurance documents, obtain relevant qualifications, agree scope of works

19
Q

What is a management company?

A

A company set up to provide management services.

The Croome management company manages the management agreement on behalf of all interested parties

20
Q

Why did your client require health and safety inspections for let properties? (Bishton Lane)

A

To identify any hazards and mitigate risk

21
Q

In the health and safety inspections, what were you looking for?

A

Unsecure boundaries
Damaged trees
Unsafe access