How you would feel if, whilst fulfilling your duties as an RTM director, you are faced with the prospect of having personal assets at risk.
Browsing: Manage Your Block
The leaseholders and/or freeholders of a Residents Management Company (RMC) will be a diverse group of people with one thing in common.
Ian Hollins of Clear Building Management sets out top tips for leaseholders in larger blocks seeking to secure the Right to Manage.
The introduction of the Right To Manage gives leaseholders power in improving the management standards of their block.
There is a strict wording that must be utilised for the Company Memorandum and Articles of Association so it is important to get this right.
Rachel Coyle, Pupil Barrister at Arden Chambers and Ibraheem Dulmeer, Legal Adviser, LEASE gives a brief overview of Right to Manage.
Right to Manage allows leaseholders as a group to decide on the management arrangements for their property.
The thought of losing friendly and dependable site staff can make RMC directors and their residents very reluctant to change managing agent.
Right to manage refers to the legal right granted to leaseholders in the UK under the Commonhold and Leasehold Reform Act 2002.
Cost is always an important factor in choosing a managing agent but basing your decision purely on price can be dicey.