Search results

In the two previous parts of this paper it has been stated that ‘conventional’ property management is passive, inflexible and uneconomic. In general terms I have suggested that if property managers were to redefine their relationships with both lessors and lessees and to re‐allocate the activities necessary for efficient use of property, everyone would benefit.

In this paper an attempt is made to propose and prove some fundamental principles of estate management, a phrase which has a familiar ring to many professional estate managers today, who well remember Michael Thorncroft's unique textbook, ‘Principles of Estate Management’, first published in 1965 and out of print since 1972.

Service charges have evolved over the last 30 years or so and whereas they used to be largely ignored in a tenants decision to rent accommodation they have now become a major factor in his calculations to determine what he can afford. As such they are very often responsible for stunting rental growth.