We have had direct experience in property
management, leasehold property etc. for over
20 years & have many experiences of
Landlords levying high service charge
demands, carrying out either unnecessary or
simply inappropriate repairs which were
estimated at exorbitant costs & levied
service charge demands for thousands of
pounds. We believe that the formation of an
RTM Company forcing the management to be
taken away from the Landlord would, in these
circumstances, save significant sums of
money & possibly also increase the
saleability of your properties.
Likewise, it may well be that your Landlord
/ management company simply are not
'maintaining' the building & therefore the
lessees having control will mean that things
get done when they should & in a manner
determined by them. Where the landlord has
collected service charges in advance but not
yet spent them all and is holding the
remainder in a trust account, he is under an
obligation to hand over all the unspent sums
including any reserve account or sinking
fund, so any monies that you have paid & are
held by the Landlord are required to be
returned to you.
Even for those blocks that may already have
the management rights, an RTM Company also
allows for the insurance of the building to
be taken away from the Landlord. There could
be significant savings & benefits to such
insurance being placed in the ‘open market’
rather than at the choice of the Landlord
who may not fully have the interests of the
Lessees at heart.
However, as with the majority of legislation
for the inexperienced it can be a complex
task & procedures must be followed exactly
as laid down, otherwise the management will
not be secured. There are various Notices
which may need to be prepared / completed (some being in a
prescribed form) & served upon which
strict time limits apply. If these time
limits are not followed then the application
will automatically fail. In addition a
specific RTM Company needs to be correctly
formed. If done incorrectly this could also
result in the application being
unsuccessful.
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The fees** quoted are to be
calculated on a ‘per flat’
basis, being the total
number of flats in the
building & all are subject
to VAT at the prevailing
rate (currently 17.5%). All charges are
specified in writing to you
and are fixed. There are no
'extras' in any way at all &
we do not charge an hourly
rate for this service so
leaseholders know exactly
where they stand regarding
our fees from the very
outset.
We would provide, on CD Rom
a copy of Part 2, Chapter 1
of the Act itself, which
also has a fully detailed &
descriptive manual detailing
in simple easy to understand
terms exactly what the
process is from beginning to
end. We would request from
the Lessees the basic
information needed for us to
prepare the necessary
paperwork. In addition to
preparation we will also
serve ALL the various
Notices required. We will
deal with the formation of
the RTM Company which so
far as possible would even
include completing the forms
for you.
Our fees** vary depending
upon the size of the block,
and include all costs
relative to the formation of
the RTM Company.
We do not charge an 'hourly
rate' & all fees are clearly
specified in writing, are
entirely 'fixed' with no
extras or additions in any
way. Upon instructions, we
will send you a form to
provide us with the basis
information required.
Initially, we will
automatically check your
entitlement / qualification
strictly based on the
information you have at that
time supplied to us without
charge. Should, for any
reason we consider you do
not qualify at that specific
point then no charges will
be made whatsoever.
*Subject to qualification
requirements which are
detailed above.
This website is not meant to
describe or give a full
interpretation of the law,
nor does it cover every
case. If you are in any
doubt about your rights and
duties then seek specific
advice. Lessees exercising
this right, by law will be
responsible for the
Landlords ‘reasonable’ costs
in consequence of a claim
notice given by the company
in relation to the premises.
Please ensure you carefully
read our
Terms & Conditions to
which this website & our
services are subject
The
building must include at least two
flats; 
