Right to Manage Consultation
Right to Manage (RTM) is a legal process that allows leaseholders in apartments to take over management of the building even if the landlord doesn’t agree.
Often, this is triggered by poor or unresponsive landlords with genuine enquiries around property maintenance or escalating service charge costs. urbanbubble is seeing more and more unhappy leaseholders who are subject to excessive charges from their landlord, such as buildings insurance, short term tenancy consent charges and rigid collection costs for service charge demands.
In some cases, we’re even seeing the managing agent taking advantage of lease structures where they are embedded into the management and leaseholders cannot take control of their management as a Residents Management Company (RMC) development can.
Helping you every step of the way
At urbanbubble, we can guide you through this essential step towards changing things if you are unhappy with the way your freeholder/landlord or managing agent is taking care of your building.
Whilst the process is long and can be fraught with opportunity for delay by the landlord, urbanbubble has a tried and tested approach to getting success for fed up leaseholders meaning success on every RTM we’ve created. An approach that won us ‘Best RTM Managing Agent in 2012’ at the annual industry awards
Taking the financial burden
We also only charge once the RTM is completed and operational which is a minimum of 6 months from the point of first point of contact with leaseholders, shouldering the financial burden as well as the legislative and administrative ones too. Typically, the savings we make with service charges from day one are more than double than that of our £60 per apartment charges for RTM.
We’ve already successfully assisted 600 leaseholders with this tricky process, providing expert guidance with legal expertise and also getting involved by galvanising leaseholders to make a change.
Centenary Mill and Dale Street Right to Manage Process
Taking the right approach to Right to Manage