Right To Manage Questions

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Right To Manage Questions

    1) If me and the other flat owners go for right to manage are we in charge of sorting out the buildings insurance.

    2) Roughly what are the costs of right to manage

    3) Does going for right to manage stop us from later going for Collective Enfranchisement

    Thank you in advance
    Tags: None
    #2
    1. Yes.
    2. Not sure what you mean. Please be a little more specific. Is it that you want to know what the fees will be to obtain the right to manage? Or what costs you will face once you have the right to manage? Or what?
    3. No.

    Take a look at the Leasehold Advisory Service website

    Comment

      #3
      Thankyou for your reply Poppy.

      As I understand it once me and the other flat owner have asserted our right to manage we only have to pay our frehholder the ground rent. We are then in charge of maintanence and aranging the buildings insurance.

      is this correct. Thank you again

      Comment

        #4
        When lessees form a Right to Manage company (RTM company) the freeholder is entitled to become a member and be wholly involved in the management decisions.

        Comment

          #5
          I assume that he can be outvoted then? if my neighbour and i want to do something can the freeholder stop us?

          Comment

          Previous template Next

          Latest Activity

          Collapse
          • Building works & S20 process
            by RichA
            Hi. I have a freehold after selling a leasehold flat in a block of 4 flats. We don't currently have a managing agent, so these duties currently fall to me (I am holding off appointing a managing agent whilst the leaseholders consider whether they want to RTM).

            The block needs some maintenance...
            21-05-2022, 17:20 PM
          • Reply to Building works & S20 process
            by Gordon999
            The S20 consultation with leaseholders is required for any planned works which exceed £250 cost per flat.

            If any planned works are quoted below £1000, you could place the order on the supplier with lowest quote. .

            If the freeholder is self- managing the building maintenance,...
            28-05-2022, 09:56 AM
          • Share of feehold/shared service charges?
            by Stu1020
            Hi there,

            I'm new to the forum and looking for advice on a sticky freehold situation.

            I own a two-bed flat in a converted building with two one-beds. The lease states that a fair proportion is payable towards the service charge. However, there has been a running agreement of...
            20-05-2022, 11:39 AM
          • Reply to Share of feehold/shared service charges?
            by sgclacy
            You appear to have bought into the flat knowing at the time your share is 38% and having owned the flat feel that this is unjust.

            Did you raise any concerns questions at the time of purchase that in a three flat split you would be paying more than 33.33% . Could it be argued that the unfairness...
            28-05-2022, 09:04 AM
          • Reply to Share of feehold/shared service charges?
            by eagle2
            The cost of extending a lease is not a service charge expense so there is no reason to allocate it on the 38/31/31 basis, your offer to split those costs equally seems to be reasonable. It is up to the freeholder to decide what is fair and reasonable for the service charges and it is up to the other...
            28-05-2022, 05:29 AM
          • Reply to Old managing agents accounts
            by eagle2
            Unless the handover took place at the end of the financial year, it is the RTM's responsibility to produce the annual accounts. You could try making a formal complaint against the agent to supply copies of all supporting documents, it should belong to a redress scheme. The difficulty is that the agent...
            28-05-2022, 05:05 AM
          • Old managing agents accounts
            by jazzythumper
            Since obtaining the RTM and changing the managing agent, we have never been given full accounts / receipts for the previous year(s). We believe that as the old freeholder and leaser holder of one of the flats were represented by the same solicitor that prior to the sale of the freehold, we were subsidising...
            20-05-2022, 11:21 AM
          • Freehold confusion
            by davetg
            30 years ago I bought a flat from a friend. The freehold at the time was registered to my friend and the lady who owned the other flat. I understood at the time that I would replace the friend on the freehold but this never happened. This was not a problem until now as when work on the structure of...
            24-05-2022, 14:29 PM
          • Reply to Freehold confusion
            by CStevens
            davetg,

            The property should be registered so the land registry should hold a copy of the leases. You would need to look at the leases to see who is responsible for what but normally in a maisonette situation the freeholder would insure and maintain the structure, foundation and roof with...
            27-05-2022, 21:58 PM
          • Reply to Freehold confusion
            by CStevens
            Yeah i guess i would agree with that but, as you say, the value is only to the leaseholders and a freehold subject to 999 years is not worth a great deal of money to anyone other than the occupants and in fact, if the leases are drafted correctly, they should require the leaseholders to become members...
            27-05-2022, 21:52 PM
          View All
          - Advertisement -
          Working...
          X