transitioning from FTT appointed manager back to RTM

  • Filter
  • Time
  • Show
Clear All
new posts

    Originally posted by Sarah B View Post
    RTM does not prevent you engaging a managing agent as well (in fact it is encouraged I believe). If you are happy with the FTT appointed one, why not keep them on?
    That was my thought too. You will not have the hassle of a handover, and you will be dealing with a somewhat known quantity. You can evaluate whether you have a good working relationship, when they can no longer dictate what is done, and generally get a feel for what it is like to use a managing agent, making it much easier for you to select a good agent for the following year.


      Originally posted by poppyfield View Post
      Thank you both for your timely replies, this is really helpful Yes the company is listed as dormant so I suppose that means everything is still as it was. Yes the agent is arranging the meeting. It's good to know that the manager has ultimate say over the formation of the board, and cannot be overridden by the RTM.
      An FTT manager appointed by the FTT will have been put in place to oversee and abide by the requirement of the Lease, that is their legal remit. They are not there and the FTT will not have appointed them to get involved with the Company law side of things. The company is dormant because leasehold companies are normally non trading entities.

      Hold some meetings with all the shareholders, get a feel for what they want? Ask them if any will stand as directors? As directors they will have responsibilities including as previous comments the requirement to undertstand Company law, The Lease, RICS service charge guide,Insurance and maintenance obligations and UK law. If some are up for this then would suggest 3 directors act and the rest vote against the directors who are not pulling their weight at a called AGM meeting. Or if simply want to remove existing directors and you have enough people to create the shift in voting power then do this via a meeting following all correct processes because if you don't they can outveto decisions.


        It is a concern that the manager has not addressed “historical problems” despite managing for a period of 4 years and the obvious question is why not? It is in the directors interests to appoint a managing agent in whom they have confidence and who will deal with problems which would otherwise be referred to them. Appointing the current manager may be seen as the easy option but it is not necessarily the best option. The decision is being made now and it makes sense to consider all the options at this stage rather than to defer the decision for another 12 months.


        Latest Activity


        • Reply to Lease extension - should I pursue non statutory?
          by sgclacy
          A statutory lease extension offers just one option – 90 years added and a peppercorn rent and the law commission now feel that there should be greater flexibility and that lessee should be given the right to extend the term keeping the rent terms the same or extinguishing just the rent but keeping...
          26-09-2020, 22:14 PM
        • Lease extension - should I pursue non statutory?
          by theta
          I received a section 42 notice for a statutory lease extension for a flat where I own the freehold. There are 87 years remaining on the lease, and ground rent review is every 10 years linked to RPI (next review 2027).
          My appointed managing agent recommended a solicitor with experience on this,...
          25-09-2020, 07:56 AM
        • Reply to Lease extension - should I pursue non statutory?
          by sgclacy
          Flying freehold is quite correct, but his words have incorrectly interpreted by the OP.

          Both individuals and companies can roll over gains resulting from statutory lease extensions. Individuals pay CGT and companies pay corporation tax on their gains. If the individual or company holds...
          26-09-2020, 21:26 PM
        • Reply to Freeholder's consent
          by Section20z
          Why did you tell them ?
          If they want a ridiculous amount then just back out, no great loss and unlikely they will take action for the breach.
          If they do then deal with it then ....
          26-09-2020, 20:53 PM
        • Freeholder's consent
          by stressed12
          I am freeholder and tenant in a converted Victorian house. The lessee of the top flat wants to sell and asked for written consent for:
          1) right to pass from a driveway that leads to a parking spot. His lease mentions the right to park in that spot (along with another lessee, so 2 flats have the...
          28-04-2020, 18:46 PM
        • Reply to Freeholder's consent
          by Vednaik
          Hi, I want to buy freehold of my semi-detached property and have approached the landlord. The lease is for 800 years and ground rent is 7£ per annum. The previous owners have done a loft conversion . I being a first time buyer was unaware of the consent thing and had trusted that solictors will sort...
          26-09-2020, 20:36 PM
        • Front garden to parking
          by mikkimolly
          I have a long lease on a flat in a Victorian converted building with a demised parking space on the driveway. The Landlord is currently selling the two other flats in the building, which previously were tenanted. To make them more profitable he has concreted over the front garden to create a parking...
          25-09-2020, 15:10 PM
        • Reply to Front garden to parking
          by mikkimolly
          Thanks Scott, yes this has been a wakeup call for me, believing that the church would act in good faith. Being told that their changes would not impact my lease, when i asked for further and better details of the changes was arrogant and patronising. I have mulled this over and decided to seek specialist...
          26-09-2020, 19:00 PM
        • management and maintenance costs for parking court
          by cooked
          sorry this may in the wrong forum but I could not see a forum title which was relevant
          my wife and I own (leasehold) two flats in a block of 3 flats
          each of the 3 flats has two parking spaces in a 30 space parking court
          in 2018, we became the RTM for the building but the parking court...
          25-09-2020, 22:30 PM
        • Reply to management and maintenance costs for parking court
          by AndrewDod
          What does your lease say?
          What the lease says is what you do.

          I doubt the lease and RTM order say that they can charge a massive fee for managing the car park....
          26-09-2020, 17:29 PM