Section 20: What Does it Mean For Property Managers?
As a property manager, it’s important to know the rights of both the tenant and the landlord so that there are as few problems regarding communication and future planning as possible.
So, to stay on top of everything, you’ll want to know what Section 20 of the Landlord and Tenant Act 1985 is and what it means for you.
Here we will look at some of the wider points around Section 20 and assess the impact of its enforcement.
What is Section 20?
A Section 20 notice under the Landlord and Tenant Act 1985 is legislation that means anybody who owns a leasehold property needs to be consulted if major works are being planned for the building that will be paid for by the property owners.
Should the work conducted surpass £250 per leaseholder, a Section 20 notice will need to be presented to the relevant stakeholders so that they are made aware and talked to on the matter.
Appropriate communication is of the highest importance to make sure there are no errors and a hefty bill isn’t left to somebody who didn’t follow the correct procedure.
There have been instances where the lack of a Section 20 notice has led to tricky legal disputes.
Property landlords or freeholders are the only people who can issue a Section 20 notice, something property managers must be aware of.
What can be done to avoid problems around Section 20?
Clear communication and transparency are required to stay within the safe practice of being a landlord.
Property managers can take advantage of wireless intercoms for their properties. The beauty of such an installation is how simply and unintrusively they can be installed. Thanks to no wires needing to go through the walls and foundations of the building, the costs will remain low – usually under £250 with Intratone – and no extensive labour will be necessary.
Keeping your wireless intercoms expenditure low is vital to avoiding a Section 20 notice needing to be issued. Explore the entire range of wireless intercoms at Intratone, all at a modest cost.
Another of Intratone’s products to consider is the digital notice boards that are available. Rather than dispersing several messages to numerous stakeholders, all the relevant information is clearly displayed in one place, making it only an initial cost that won’t break the bank. Find out more about this product within the Intratone range of digital notice boards.
Staying organised is another great way to avoid issues that could arise from prospects like a Section 20 notice. Using programmes and sheets that can make life a little easier for you means you won’t have another headache regarding something else further down the line.
Following the correct steps of advising leaseholders of the proposed work and what it would cost is now a requirement so property managers should read the legislation carefully and see how it applies to the property under their management.
Recap
For property managers to deliver for their clients, it’s important that they stay on top of any changes to legislation that comes up and make decisions within the legal limits.
For any further advice on security tips regarding managing your property, check out the Intratone website for a wide range of products.
