A Crown property manager is a company which has been granted an authority to manage a Crown estate in England and Wales.
Crown properties are properties which the Crown owns and manage under a contract between the Crown and the owner.
A Crown manager is the person responsible for managing the Crown’s property assets and the rights to use and sell them.
The Crown manager acts as a trustee in the Crown estate.
Crown property managers are not appointed or appointed by the Crown.
They are appointed by a government minister or the Crown itself.
The role of a Crown manager can vary from property manager to property manager, but they are all responsible for ensuring that the Crown properties assets are managed in accordance with the Crown Trust’s policy.
A property manager has the power to set the terms and conditions of the property and its use.
A private estate manager, on the other hand, has no such power.
However, a private estate is still a Crown asset and the terms of a private lease or tenancy may also apply to the Crown property.
A Property Manager’s Role A property management contract is usually signed by the property manager and a director, who are either Crown representatives or Crown agents.
A director is a person who has a financial interest in the property.
This may include the director of the company, a trustee of the Crown, or a member of the executive or other relevant group of persons.
A member of a group of individuals is referred to as a ‘member of the group’.
A group may include a ‘trustee’ or a ‘beneficiary’.
The name of a beneficiary may change from time to time and can be from a person to a person or from a trustee to a trustee.
A ‘beneficial interest’ is defined as an interest in a beneficial interest, as opposed to an interest or a profit.
A beneficial interest includes any interest in property that is a beneficial property, as defined by the Trustees Act 1953, and a benefit that is payable or payable under a legal instrument, agreement or arrangement relating to a beneficial ownership interest in such a property.
When a property manager makes a written request for a review of the management of a property, they can request a review by a ‘Trustee’.
A ‘Trustees’ report, issued by the Secretary of State, provides guidance on the nature of the beneficial interest and what information is required.
If the trustee is satisfied that the property is suitable for sale, they will make a decision whether or not to accept the request.
However the report also contains information about the value of the interest, the value and the conditions of ownership of the benefit, including any conditions or requirements to be met.
The report will usually include information on the condition of the trust’s assets, including the name and address of the beneficiary, the nature and extent of the financial interest, and the nature, extent and character of any claims against the property by the beneficiary or any person or company who claims a benefit from the property (e.g. a landlord).
A report may also include information about whether the benefit is to be paid out as a dividend or as interest, or whether the beneficiary has any other interests in the interest.
The Secretary of the Treasury is responsible for overseeing the conduct of a review.
This is a review to assess whether the property has been properly managed or to determine whether the value or the value is sufficient to make it suitable for residential use.
It is an independent review of whether the interests and liabilities of the beneficiaries or trustees, including potential risks and possible consequences, have been appropriately managed.
This could include assessing whether the trust has adequately managed its assets.
It may also assess whether it would be appropriate to undertake a review or whether it is likely that the interests of the trustees, beneficiaries or any other persons or companies will be adversely affected by the review.
If a review is undertaken, it is usually carried out on a confidential basis and no decision has to be made publicly.
However in the event of a decision that a review has been carried out and a decision has been made to proceed with the review, the Secretary or the Secretary’s delegate may publish the decision in a newspaper or on a website.
The publication of the decision would allow all parties involved to have an opportunity to respond to the publication.
The public may view the decision by visiting a website where the decision has already been published.
The process of a ‘review’ is usually overseen by a legal adviser and a trustee appointed by that adviser.
The Legal Adviser is responsible in relation to the review process, including conducting interviews, preparing a report, and assessing the merits of the case for the Secretary.
The trustee is responsible under the statutory scheme for the administration of the legal aid system.
The statutory scheme covers the management and control of the provision of legal advice and advice in relation the administration and enforcement of the Act.
A review may also be undertaken by the Financial Services Authority ( FSA ), the Independent Standards Authority (ISA) or the Financial Conduct Authority (FCA).