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RTM Advisory is a consultancy service providing advice to flat owners (i.e.
tenants, leaseholders etc.) on their ability to take over the responsibility
for the management of their building. The process is referred to as "Right
to Manage" (RTM) and was brought about by the Commonhold and Leasehold
Reform Act 2002. This right means that leaseholders can now insist on the transfer
of the landlord's management functions to a special company set up by them –
the Right to Manage company.
This was introduced, not just as a means of removing control from ineffective
landlords, but also to allow leaseholders to take responsibility for the management
of their block of flats. Though RTM can take a long
time to implement, it is a no fault procedure and leaseholders do not need
to prove any failing on the part of the landlord in respect of the management
of their property.
Whether the setting up of a Right to Manage company is the right
course of action for you will depend on a multitude of factors, the most
important being whether you are prepared and have the financial resources to
take on the financial responsibilities of managing your block of flats, either
directly or through the services of your appointed managing agent.
The RTM Advisory service has been set up to give you a balanced view of the
advantages
and disadvantages of taking on the management of your block through a Right
to Manage company, so that you can make an informed decision. The legal framework
has been put in place to allow you to take control of the management of your
property, but is it right for you and have you considered all the factors?
In order to assist and fully advise you, we offer a unique bespoke service
for complete peace of mind. Our RTM consultants can either give you a full
consultation to enable you to make a decision or work
with you through the intricate Right To Manage process (i.e. serving all
the required notices such as S82 Right to Information, S78 Notice Inviting Participation,
S79 Notice of Claim, S83 Right of Access etc.) from setting up the RTM company
to taking over the management of your property.
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