Managing Agent
An external property management company that will issue and chase up the service charges, supervise the annual budget and approve any additional works and requirements so that the development complies with current health and safety legislation and to ensure that the residents' needs are satisfied. They also manage the on site staff (i.e. the building manager and his team). They do this on behalf of the residents and the freeholder and they are only responsible for maintaining the communal areas and not the apartments themselves which are referred to in property management jargon as the "demised premises".
Read more about this topic: Building Management
Famous quotes containing the words managing and/or agent:
“There is not much less vexation in the government of a private family than in the managing of an entire state.”
—Michel de Montaigne (1533–1592)
“Only a fully trained Jedi knight with the Force as his ally will conquer Vader and his emperor. If you end your training now—if you choose the quick and easy path, as Vader did—you will become an agent of evil.”
—Leigh Brackett (1915–1978)