Legal compliance is one of the key components the audit is based upon, an essential part of any successful property business. Not only do the external 3rd party audits provide you a more accurate review that is non-biased, they also provide the legal framework for compliance. It also lays the foundations for continuous improvement to enhance a competitive advantage.
The audit will demonstrate that you are committed to clients, tenants, employees, customers, accreditors and stakeholders. It’s a chance to highlight business successes and promote opportunities.
It ensures the systems you have in place are working efficiently and compliant. It further helps to identify areas for improvement and potential weaknesses for managing safety risks within Property and Asset Management.
Is a legal requirement for an employer or person in control of premises to carry out risk assessments as these reflect the significant hazards associated with the operation of the premises and identify suitable controls to minimise risks.
Its’ aim is to protect tenants, contractors and others from harm, reduce impacts, protect the property and company reputation. This will increase stability and prevent fines, prosecution and imprisonment.
Having an appropriate and operational risk management in place is a key component to ensure property and people safety.
This will ensure your legal obligations under the Health and Safety at Work Act and Management of Health and Safety Regulations.
The Regulatory Reform (Fire Safety) Order 2005 states: Employers (and/or building owners or occupiers) must carry out a fire safety risk assessment and keep it up to date. Furthermore they must ensure that adequate and appropriate fire safety measures are in place to minimise the risk of injury or loss of life in the event of a fire.
To help prevent fire your risk assessment will identify what could cause a fire to start and the people who may be at risk.
Once our highly qualified fire risk assessors have identified the risks, we will assist you to take appropriate action to control them.
We provide you with a full fire risk assessment and assist you in the action plan to demonstrate you are carrying out your moral and legal duties.
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Taking properties into management and passing them on to other agents is an important and time-consuming activity with significant implications for risk management, reputation and legal obligation.
Our role is to maintain an unbroken risk management history for the property and provide you with a successful take on or handover. That is cost effective and demonstrates compliance.
Services include a high level due diligence review, undertaken by the LCS safety property specialist team, based on information and expertise of the property industry.
This will ensure you don’t inherit any additional cost or potential legal claims. For example, not having legally required documentation such as an asbestos survey or electrical safety records for the property.
A vacant unit or premises are those that are let under a current lease or license but the tenant is not in occupation. A void unit is one where the lease has been surrendered or has reverted to the property owner who now assumes responsibility for that unit or premises.
Vacant units do not need to be managed since the tenant is still responsible for them. But if the unit is unoccupied for a long period it could be subject to vandalism or deterioration and the landlord may need to use his powers under the lease to effect repairs etc.
This service provides you peace of mind that regular checks and lease contracts are being adhered to, demonstrating legal compliance and providing evidence in the event of a potential insurance claims. These can all cost property managers unnecessary cost.