How to solve excessive service charges and delayed repairs at your residential block
If you live in a residential development, you will probably be paying a monthly or annual, service charge.
Your service charge should cover building insurance, maintenance, gardening, repairs, maintenance staff and more.
But what if you’re not getting the best service for your money?
Right to Manage regulations can help you take back control from excessive service charges, delayed repairs or sub-standard maintenance work.
So, what is Right to Manage?
If you’re the leasehold owner of a flat or apartment, the chances are that the landlord or managing agent looking after your block has been appointed by the freeholders of the property.
That’s likely to mean it’s being managed in their interests, rather than for the benefit of leaseholders and / or tenants.
Under Right to Manage regulations leasehold property owners can take over the management of their building, gaining responsibility for things like collecting and managing the service charges, maintaining communal areas and handling complaints.
How do I use Right to Manage regulations?
Leaseholders must set up a Right to Manage (RTM) company, which can either manage the building directly or pay a managing agent of their choice to do it.
As experts in all aspects of residential property management we can handle the process of setting up an RTM company for your block on your behalf, as well as taking on its ongoing management, from ground rent management to property repairs.
So, if you’re unhappy with any aspect of the way your building is managed – from excessive service charges to delayed repairs or sub-standard maintenance work – or if you just want more control over decisions that affect your property, get in touch to find out how we can help.
For further information about Right to Manage, click here to read our FAQs.
