Right To Manage (RTM) – Advice Please?

Right To Manage (RTM) – Advice Please?

10:54 AM, 11th May 2015, About 9 years ago 24

Text Size

I am one of 5 leaseholders in a small block of flats where the freeholder has the right to appoint the managing agents. The freeholder has agreed a fee of nearly £300 per flat to manage the building which has no lift nor a car park and I am told we have to lump it. I can easily get over half of the leaseholders to agree to set up a RTM company.  Right To Manage (RTM)

However, my experience of trying to set up a RTM company on a larger block has put me off trying to set up a RTM company on this small block. The biggest issue was the fees the solicitors wanted to set up the RTM company.

Has anyone got any experience of being involved in setting up a RTM company and can anyone recommend a decent solicitor who knows what they are doing?

Thanks

Jon Bourne


Share This Article


Comments

Karen Peel

17:18 PM, 12th May 2015, About 9 years ago

Regalty Estates: you are implying that you are offering a free service! Is that correct?

Regalty Estates

17:21 PM, 12th May 2015, About 9 years ago

Reply to the comment left by "Mark Alexander" at "12/05/2015 - 17:11":

That is precisely why I offered our services for free. Hope this clarifies matters.

Karen Peel

17:25 PM, 12th May 2015, About 9 years ago

Are you offering to buy the land registry details and go through the RTM for free?

Regalty Estates

17:25 PM, 12th May 2015, About 9 years ago

Reply to the comment left by "Karen Peel" at "12/05/2015 - 17:18":

I am more than happy to help or assist leaseholders who are having problems without any fee charged at the point of advice - absolutely.

Again I hope this clarifies matters and assists anyone here who may be experiencing problems and don't know where to turn.

Alternatively - you can call LEASE - they are very helpful - http://www.lease-advice.org.uk.

Karen Peel

17:27 PM, 12th May 2015, About 9 years ago

That's good to hear, thanks for clarify.

Regalty Estates

17:28 PM, 12th May 2015, About 9 years ago

Reply to the comment left by "Karen Peel" at "12/05/2015 - 17:25":

I am offering my advice for free - in terms of undertaking the RTM process or incurring costs then this is not something we would do for free.

Karen Peel

17:28 PM, 12th May 2015, About 9 years ago

That's good to hear, thanks for that.

NewYorkie

12:52 PM, 13th May 2015, About 9 years ago

Reply to the comment left by "Regalty Estates" at "12/05/2015 - 17:07":

Please don't be fooled by this comment. The process SHOULD be easy, but my experience is the Freeholder will make it very difficult, and use their significant legal resources and experience to challenge and block you at every step, regardless of the merits of their case. This will push your costs up to the point where the freeholder hopes you will give in.

I have several properties, and have worked with Karen Peel (on this discussion) for a number of years to the point where we have now achieved RTM for 2 blocks where our freeholders (well known at the First Tier Tribunal! and a disgrace to their industry), VERY aggressively tried to block our RTM applications. Our latest RTM application for a block of 26 apartments failed twice due to technical issues which the freeholder exploited (and one of our owners is a barrister!), but we appointed RTMF (on this discussion), who succeeded first time.

Give Nick Bignell a call. RTMF are not solicitors, but understand the RTM process well and delivered for us, at a good/fixed price. We now look forward to finally dumping our Freeholder's agent in August, and taking control of our future with our choice of management agent. We will use Andrew Egerton at Hunters RBM.

Next step... RTE, and an end to our freeholders once and for all!

Regalty Estates

10:28 AM, 14th May 2015, About 9 years ago

Reply to the comment left by "Lou Valdini" at "13/05/2015 - 12:52":

We am not "fooling" anyone - just offering some free and simple advice. Yes Freeholders put barriers up - that is to protect themselves as RTM removes their powers - but that doesn't mean it isn't simple to navigate for professionals.

I am glad you have achieved what you wanted to - and wish you every success with your RTM.

Dinah Pickering

14:46 PM, 19th May 2015, About 9 years ago

Hi, I live in a row of 12 terraced houses on a private road where we have set up a company to run the communal parts. All the residents have equal share and some are Directors of the so called Residents Association. Having lived with this for 6 years my experience is if you live there yourself don't be part of or have such a company because every time there will be someone who upsets others and it changes the relationship you have with your neighbours and at present I don't talk to half of mine as they wont vote on spending an ever increasing sinking fund of over £14K for the 'just in cases'. As im in property and most of them are not ive ended up sorting communal gardeners (had to sack one of the residents father who pulled a few weeds now and then) and upset one neighbour by replacing his Dad with a regular more active gardener. Never again will I live in a community with self managed parts, IF however I was buying into a BTL and then wanted to be part of the community management this would be ok as you are not facing walking out your front door with the grumpy neighbour who preferred a different plant to be placed in the communal gardens! Do I have any control when we have built up a HUGE sinking fund? legally can they be made to return some of this money to the residents? do I want this problem right on my doorstep? outside Mgt Company acts as a buffer and go between as how do you nicely tell a neighbour sorry but your Dads gardening services are rubbish and then try and be friendly as a neighbour?

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now