Developer

Service charge budgets and management strategies for developers, housebuilders and registered providers. 

We have collectively decades of experience working with new build developments. A poorly created management approach can leave developers with legacy issues that impact upon their reversionary values. During construction it is key to mitigate voids whilst always keeping service charges for residential leasehold units fair and reasonable. Our services cover the following elements of work

• Provide added value advice from planning to completion
• Advice on complex residential and regeneration schemes
• Property management structures with cohesive and sustainable frameworks
• Multiply service charges schedules for equitable communal charges
• Calculating realistic service charge budgets and accurate apportionments for expected liabilities
• Liaison with Developer’s legal team for appropriate Lease clauses and TP1’s
• Mitigation of void liabilities
• Residents Welcome Packs
• Travel Plan co-ordination
• Sale of Freehold Reversion interests.

Developers and housebuilders are likely to be impacted by the legislative changes being proposed by the government. For example, when working with buildings of six storeys or higher: a building safety manager will need to be appointed before flats are sold, a residents’ engagement strategy will be needed, as will additional requirements for testing of fire doors.

We keep fully up to date with these changes and share our insights with our developer clients. 

Portfolio spotlight: Walthamstow Gateway

Alexander Faulkner Partnership is the managing agent for Walthamstow Gateway on behalf of Solum. As well as the initial management strategy, we also managed the customer care for the development, including welcome packs, viewings and snagging. We sold the long leasehold reversion on behalf of Solum.

Talk to us about managing your development.