If you are a Director of an RMC or RTM, or thinking of becoming a Director, this course is for you.
RMCs/RTMs are companies which own and run blocks of flats. Each flat owner is typically a member or shareholder in the RMC and members are appointed from amongst their number to become Directors. The RMCs are then run by these Directors.
The duties of the company towards each Leaseholder are set out in the Leases for each flat. There is a mix of contractual duties, such as repairs, maintenance, insurance, and service charge accounting, and statutory duties, including setting reasonable levels of service charges and consulting on major works.
The aim of this course is to help you understand the different elements involved in being a Director and develop how you carry out the role.
What the course covers:
Understanding the role of a Resident Director
- The Company
- The Lease
- Balancing the roles of Lessee, Director and Board member
Organisations which can help Directors carry out their duties
- Managing Agents
- ARMA/TPI
Director responsibilities
- Budgeting and accounts
- Meetings – with fellow Directors; with Lessees
- Leases – extension, breach, forfeiture
- Works and Major Works
What Directors need to know
- GDPR
- The First Tier Tribunal
- Directors and Officers Insurance
- Building safety
Developing in the role of Director, and planning for the future
- Planning and process
- Refreshing the Board
- Succession planning
Audience – who should attend
The course is recommended for all Directors of a Residents’ Management Company or a Right To Manage Company, and for anyone considering taking up such a role.
