What invoking the Right to Manage entails, why you may consider it and what it means to take over the management of your block.
Browsing: Manage Your Block
Amid discussions of legislative and regulatory changes, keeping up with these ever-changing topics are among the challenges faced by Directors of resident managed residential developments.
We discuss what is involved in taking your place as an RMC Director so you can decide for yourself whether or not you’re suited to the job.
As a leaseholder you have a few choices when it comes to who should be managing your block.
It’s essential that the managing agent you choose is the right fit for your development, both in terms of personality and practicality.
Owning a leasehold property can be great in terms of investment, yet can quickly become a nightmare when dealing with fellow leaseholders.
Since its introduction by the Commonhold and Leasehold Reform Act 2002, many leaseholders have acquired the right to manage their block.
Cladding and fire safety works have left many leaseholders feeling trapped in their properties, unable to plan for the future.
Lee Stafford, partner at Bishop & Sewell, discusses what options are open to leaseholders who are unhappy with ‘the management’.
Taking on the responsibility of managing a block of flats is daunting- especially if you’re a resident stepping up to run an RMC.