8:56 AM, 20th December 2021, About 4 weeks ago 7
I own the Freehold of a block of three tenanted flats. I own two of the flats. I have been performing my Freeholder ‘duties’ – arranging for a new roof, communal hallway decorations, front garden maintenance etc for the last 6 years.
However, this is becoming onerous, especially as there is impending licensing for communal areas and other fire regulatory upgrades which I need to arrange. Managing Agents are charging me a lot for their Freehold Management of other flats I own, and I am wondering if I can become the Managing Agent for that Freehold so at least I can be paid for my work?
Would I need to set up a registered company, or can I just add a management fee (the amount is guided by the Lease) on the next fee account to the lessee?
I may sell one of the flats next year, and then I would certainly want something for my pains running the building when I own only one of the flats.
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