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Underinsurance

Underinsurance

Now might be the time to take stock and have a professional evaluation of your property. Don’t rely on guesswork or out of date information. You need to be confident that your insurance cover is sufficient to cover all your assets should the worst happen. Ensuring adequate protection is a paramount issue for any property, […]

Notes for Incoming Directors of a Residential Management Company (RMC)

Notes for Incoming Directors of a Residential Management Company (RMC)

What is the Residential Management Company for? A Residential Management Company (RMC) protects the rights of Leaseholders. Its aims are to manage and administer the common parts for the benefit of all owners. Common parts may include the road, landscaped areas (not in private ownership), bin stores, internal communal areas and structures of any building […]

RICS Client Money Protection

RICS Client Money Protection

RICS’ rules state that firms regulated by RICS shall preserve the security of clients’ money entrusted to it. This means that a firm regulated by RICS, like Watsons, will ensure that: Any client money is protected; Any money entrusted to Watsons is held in a special client account, separate from the firm’s own money; The […]

Watsons as a Managing Agent

Watsons as a Managing Agent

Operating since 1890, Watsons are specialist managing agents and understand the commitment required to maintain the blocks and estates that we manage. How do we differ from other managing agents? We’re a Local, Independent Firm We take great pride in our customer care, working with property owners to ensure that sites are managed in an […]

Are your service charges increasing?

New research by Direct Line for Business has revealed property service charges are rising rapidly with a third of management companies increasing fees in the last two years. The average service charge paid by leaseholders is now £1863, with new build properties commanding a higher charge of £2777. This is in part due to the increasing […]