Once the fees have been confirmed by and collected by our Block Management agents, it is important to maintain accurate financial records for all Owners’ Management Companies and residents associations. This will involve managing the incoming and outgoing funds, and to meet the required running costs associated with the management and maintenance of the properties.
It is outlined in schedule 3 of the Multi-Unit Developments Act 2011 that documentation relating to the owners’ management company should include such documents and records. The company is required by law to maintain together with financial and management accounts and records relating to service charges as respects the development.
Casey Kennedy will provide a range of statements for the annual general meetings.
If you would like to discuss how Casey Kennedy Block Management could manage your residential multi-unit development Contact Us Today.