RTM And RMCS
Right to Manage – take control of your building and Service Charge
If you own a leasehold flat and are unhappy with its current management, choose your Right to Manage.
WHR are experienced in completing Right to Manage claims. There are no upfront costs and WHR will provide hands on help to guide you through the entire process.
Contact us 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. RTM gives leaseholders the statutory right to take over the management of their property by setting up a Right to Manage company.
RTM is an important right for leaseholders. Exercising the RTM does not require the landlord’s permission, proof of mismanagement or a court order. It does come with responsibilities and it is not a decision that should be taken lightly.
Although the process is relatively straight forward, the qualifying rules and criteria can be complex. WHR can help you navigate the intricacies and uncomplicate the process.
Why Right To Manage?
Introduced in 2002 the Right to Manage has empowered numerous leaseholder groups. By exercising your Right to Manage you can appoint a Managing Agent who is accountable to you, the leaseholder, rather than the Landlord who will have no financial liability or interest in the day-to-day management.
RMT provides you with final sign off on:
- 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’ (£1 or zero). As a result, many 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 for free advice on RMC’s and how they could potentially benefit your building.
WHR Property Management
Got a Question? We’re here to help!
Contact Us
Info@whrm.co.uk
Office : 0208-078-9949
