Working in Property - A Definition of a Commercial Property Manager/Managing Agent

Managing agents should adhere to these key principles: * Manage the property on behalf of the landlord * Manage third party suppliers to carry out those operations that property managers do not do themselves * Provide a primary duty of care to the landlord, secondary responsibility to the occupiers and, in some  cases, a duty of care to parties providing finance for the properties being managed Commercial property managers' core duties include: * Liaising with and reporting to the landlord * Collecting monies * Clients' accounts * Dealing with defaulting occupiers * Service charges * Deposits held * Managing the building(s) * Management policies * Insurance relating to the property * Liaising with occupiers * Energy management * Building management systems (IT) * Health and safety/fire safety * Management fees Commercial property managers can also become involved in: * Acquisition and sale support and advice * Rent reviews; rating reviews * Letting agency advice * Dilapidations advice * Specialist issues such as the management of mixed-use developments
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