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Joining & Resigning from RTM as a Director
Currently my building has an RTM with 2 directions and I have been asked to join. I am very tempted, however I am concerned that after I join the existing directors might resign leaving me as a sole director. If this were to happen would I also be able to resign and if I did would the management of...
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Join RTM Company from initial set up or not?
I am a leaseholder in a small building of flats, the majority of which have agreed to set up a RTM co and appoint a managing agent. I’m not quite sure yet if I want to be part of the set up but will be happy to be managed by this RTM co. I’m confused by the other leaseholders arguments for and against...
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RTM setup for 1 estate comprised of 2 blocks
Hello,
We are 2 blocks separated physically but located at the same address with one freeholder.
We will be exercising our RTM with a large majority and we pay the SC in the same pot.
We meet all criteria as qualifying tenants etc.
Based on current law I understand 2 RTM companies...
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Tools for RTMC & Block self-management experience
Hi,
1) We shall soon acquire the management function of our block (RTMC) and do not intend to appoint a managing agent. What are the simple tools available online for managing company accounts / service charges, contractors, maintenance/repairs, building docs, etc?
2) I am also interested...
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RTM hand over costs from outgoing managing agent
Hi,
We have taken over the RTM of our small block at the end of January. The only communication we have had so far from the outgoing managing agent has been to send a statement to the company asking for an outstanding amount of around £1000 from a balance of £3000, £2000 of which has...
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Directors Appointment and change of registered address
Sequence of events:
2 directors ( both leaseholders) incorporated an RTM. RTM application was made successfully with support of 51 percent lease holders back in 2016
1. Freeholders managing agent was asked to leave. At this point reserves held were £55k and service charge...
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Right to Manage Company - Taking over the gardens
Hello,
In 2015, we formed a Right to Manage company for three buildings, which sit together in a gated community.
We thought we were getting the gardens as well, but it turns out the company owns the lease still manages them.
Does anyone know if there's a way...
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Advice for new freeholder owner
I am the leaseholder of flats D and E in a development of five, with 97 years remaining on leases.
I have just completed the purchase of freehold reversion from the builders. All the section 5 notices were served by the builders solicitors, and the whole process has taken over 7 months...
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LVT and the RTM...and Section 20 extra charges
Hi
Hope someone can guide me. We (the lessees) have the Right to Manage and employed a management company. Recently we commenced Section 20 works, which are now close to completion.
The management company followed the Section 20 procedure and we all accepted a quote. We...