Handing back Right to Manage to Freeholder

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    Handing back Right to Manage to Freeholder

    An RTM was set up in 2005 of which I have been a Director ever since, and dealt with all the buildings requirements.
    Including Insurance, maintenance and getting documents sent to Companies House. I’m now 73 and wish to sell my flat and move on, as the responsibility is now affecting my health. The other two lessees do very little, and one is refusing a payment increase into the service charge account. What would be the easiest way to handle back all the responsibility to either my Co Director or the freeholder.

    #2
    Perhaps appoint a managing agent to take the stress away and deal with the difficult leaseholder?
    <a href="http://www.manchesterpropertygroup.co.uk/" target="_blank">Manchester letting agents</a>

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      #3
      The simplest way is to inform the 2 leaseholders that you intend to sell your flat and resign as a director, it then becomes their responsibility, Unfortunately, it is rare for the workload to be shared equally.





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