Right to manage
Take Control of Your Home with The Right to Manage
Regain control of your building, your service charges and how your property is managed without unnecessary complexity.
We help leaseholders set up and run Right to Manage (RTM) companies, giving you a straightforward way to replace your current managing agent and take control.
What is an RTM?
Right to Manage is a legal right that allows leaseholders to take over the management of their building from the freeholder by forming an RTM company. without needing to prove fault or mismanagement.
Once you take control:
You choose how your building is managed
You gain transparency over costs
You make the key decisions
- Your managing agent works for you, not the freeholder.
Why leaseholders chose RTM's
Many leaseholders come to us because they are frustrated with:
Poor communication from managing agents
Rising service charges with little explanation
Lack of control over decisions affecting their building
An RTM gives you the ability to fix this and take control of your home.
How can we help
We often “pick up the pieces” from other Management Companies and restore confidence by offering best value for money. No one will try harder and getting the best arrangement resulting in what we like to call “Sensible Service Charges”.
We operate an ‘open book’ policy where all the costs relating to the development are available for all shareholders to comment upon
We are prepared to assist with setting up and establishing the RTM company on your behalf. All we seek is that we are appointed as managing agents for a minimum period of 12 months. At the end of that period the RTM company then has the right to review our appointment. Should the service we provide be acceptable, this appointment to be renewed.
Even if after 12 months you decide to appoint another managing agent you will be able to do so, but at present you do not have that right.
Advantages of Right To Manage
Right to Manage grants leaseholders the right to control the management of the development through the RTM Company. It allows leaseholders to gain control of the management of their apartments from the freeholder.
Day to day management will still be outsourced to a competent company but you will have control over the contractual specification (i.e., what services are provided) and the choice of and termination of any management contract. In essence – this new company will work for you instead of the freeholder.
The criteria which the Leaseholders must meet to exercise their right to control the management is usually satisfied by most flat owners.
They are not required to prove that the Freeholder or his managing agent is managing the building poorly.
The only financial obligation beyond the right to manage company’s fees (which are usually low) would be the ‘reasonable legal costs’ of the freeholder. Typically, these would be recovered in the first year through the new, reduced management fees. All set up costs will also be paid for by the RTM set up company and added to the service charge once the move has completed, so there will be no immediate cost to yourself.
All leaseholders in the property are entitled to be part of the Right to Manage Company and have equal right of access to and voting powers.
Why Choose Us?
- We build genuine relationships with the communities we serve
- We are straightforward with no-jargon process
- We have a tailored approach for every building
- We provide clear and honest advice from day one
What are the Qualifications
for Right to Manage?
1
50% of flat-owners must want to go through the process
2
2/3 must have long leases at time of issue
3
Less than 50% of floor area of building must be commercial
Get in Touch with us
Have any questions? We’d love to hear from you.
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