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Invoice and collection of management fees

Casey Kennedy Estate Agents manages the collection of management fees that property owners pay for services provided by their development’s Owners’ Management Company (OMC) or residence association.  In order to manage the properties effectively, the cost of managing and maintaining the properties needs to be considered. At the AGM the OMC decides on the estimate of expenditure broken down into specific categories and agrees on the total management fee for property owners. Casey Kennedy recommends the service charge should be based on estimates of running costs, both short- and long-term, which would be decided at the AGM.

Utilising the fees we will provide the required services and maintain your development to the highest standard.

A strategy Casey Kennedy Estate Agents uses for invoices can be generated by a subscription on a recurring basis for every billing cycle. Each invoice represents the amount that the property owner or service provider owes for that period. This strategic plan ensures the OMC’s finances are managed appropriately. If an issue arises with outstanding management fees from defaulting members Casey Kennedy will manage this on behalf of the OMC or association.

The Multi-Unit Development Act 2011 sets out a list of cost categories to be used by OMCs when setting out management fees:

  • Insurance
  • General maintenance and repairs
  • Waste management
  • Cleaning
  • Gardening and landscaping
  • Annual accounts preparation
  • Other expected expenditures relating to maintenance, repair, and management of the common areas.

If you would like to discuss how Casey Kennedy Block Management could manage your residential multi-unit development Contact Us Today.

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