We are living in a ‘Do It Yourself’ world with the internet providing thousands of ideas with wonderful solutions and instructions, making us think anything is do-able and achievable.
Browsing: Manage Your Block
A building will not manage itself, and there is much to be done if the leaseholders are to receive the services promised in the leases and the building kept in good repair
Residents Management Companies members are usually the leaseholders. The RMC must keep an up to…
Company records show that there are over 60,000 registered Residents’ Management Companies and a high proportion relate to flats
To start you need to set up a Right to Manage Company, always take advise from a solicitors to ensure the Company is set up correctly.
Compliance and credit control are more important than ever says David Clark of Mainstay.
Forming a Residents Management Company: what you should know Karen Howell Bowley is Jordans’ foremost expert on the incorporation of RMCs.
Providing you do not collect ground rents or make any capital sales, it is possible that you could make dormant company returns.
If your concern is that some people are not contributing their share of the costs, then you take straightforward recovery action, usually through the company’s solicitors.
There are varying types of Agent, some smaller offering a more personal service, others larger with a more distant approach to Property Management.