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
About the author
Gaynor Haliday is an experienced legal researcher and published author. She has had numerous articles published in the press and is a legal industry commentator.