RTM And RMCS
Right To Manage – Take Control Of Your Building And Its Service Charge
If you own a leasehold flat and are unhappy with the management, choose your Right to Manage like thousands of owners.
We are experienced in completing Right to Manage claims. There are no upfront costs and we will provide hands on help to guide you through the process.
Contact us today for your free Right to Manage Step by step guide !
What Is Right To Manage?
The Right to Manage (RTM) was introduced through the Commonhold and Leasehold Reform Act 2002. It gives Leaseholders the statutory right to take over the management of their property from the landlord by setting up a Right to Manage company.
RTM is an important right for leaseholders. You do not have to get the landlord’s permission, prove any mismanagement or obtain any court order to exercise the right. It does come with some responsibilities and it’s not a decision that should be taken lightly.
Although the process is relatively straight forward, the qualifying rules and criteria can be complex. This is where we can help you to navigate through any intricacies and uncomplicate the process for you.
Why Right To Manage?
Introduced in 2002 the Right to Manage has empowered many leaseholder groups. By exercising your Right to Manage you can appoint a Managing Agent who is accountable to you, the leaseholders, instead of your Managing Agent only being accountable to the Landlord who will have no financial liability or any great interest in the day to day management.
Simply put you will have final sign off on items such as:
- Accounts
- Works
- Insurance
- Service Charge Budget
- Service Contracts
- Appointment Of A Managing Agent
Do you have an RMC ?
The Leasehold Reform (Ground Rent) Act 2022 was enacted on 30th June 2022. This means that Ground rent on all new leases will now be a ‘peppercorn’.
Due to this legislation being passed, more and more developers are opting to include a Residents Management company (RMC) within their new leases.
Leaseholders, are often not informed about the existence of the Residents’ Management Company which allows leaseholders to manage their own building, or appoint another agent to do so on their behalf.
Contact us today for any advice regarding RMC’s and how they may benefit your building.
WHR Property Management
Got a Question? We’re here to help!
Contact Us
Info@whrm.co.uk
Office : 0208-078-9949
