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.
Author:
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.