Managing Agent

A managing agent is a company or person appointed by a freeholder or landlord to manage their property in accordance with the lease on a leasehold property.

The managing agent or company will be one of the following:

  • A nominated manager or company
  • The landlord or freeholder
  • A management company set up by the residents (common where there is a share of freehold)

The managing agent will oversee:

  • management of the communal areas e.g. hallways, lifts
  • the fabric and structure of the building such as the foundations, roof, guttering
  • maintenance of the garden
  • management of any parking facilities
  • preparation of the annual accounts
  • collection of ground rent and service charges
  • responding to management information enquirers
  • handling any breaches of the lease

Leaseholders will need to apply to the managing agent for a leasehold information pack when they sell their property.

Gaynor Haliday, Legal researcher

Author:
Gaynor Haliday, Legal researcher