Changing roles in a changing world

Article Abstract:

Professionals within the property industry in the United Kingdom will have to adapt to a dramatically changing environment during the next decade as the market becomes driven by demand and from an international view-point. The latest technology available via the Internet has made information accessible to a world-wide audience and the information will be used to look for properties and agreements which suit the purchaser. It is crucial that new building is supported in the United Kingdom if it is to succeed in the future.

Industry Overview, Construction industry, Economic aspects, Services, Internet, Investments

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System overhaul

Article Abstract:

FP Property Services (FPPS) decided that their current information technology system was not able to provide comprehensive financial information and the company has now bought a new IT business system which runs Windows 3.1 for Workgroups at a cost of 150,000 pounds sterling. Oasis, a management consultant company, was hired to identify FPPS's business objectives and clarify its business and management strategies. The new IT system has meant that FPPS is more focused and is more able to make sound investment decisions.

Electronic computers, Computer Systems, Usage, Computers, Digital computers, Technology application, FP Property Services

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Tricky business

Article Abstract:

Property managers in the UK face serious problems when tenants fail to pay service charges. The Housing Act 1996 has greatly limited the landlord's ability to take forfeiture action to recover unpaid service charges, and the property manager may have to resort to asking the landlord client for a loan to the service charge fund. It is vital that the property manager takes action to avoid such a situation arising, ensuring that all expenditure is incurred within the terms of the lease.

Practice

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