AM Surveying Successfully Acquire RTM for Group of Leaseholders
Leaseholders to a block of 18 flats in Kent.
Disgruntled Leaseholders within a block of 18 apartments not happy with existing Freeholder appointed Managing Agent and looking for more control of block and over who is appointed as Managing Agent.
Leaseholders acquisition of Right to Manage (RTM) was necessary to enable them to appoint their own Managing Agent.
We were first contacted by this particular group of Leaseholders in mid 2014 following their poor experience with the Managing Agent acting for the Freeholder.
With our advice the Leaseholders began to understand the requirement to obtain the Right to Manage (RTM) in accordance with the Commonhold and Leasehold Reform Act 2002 before they could do away with the Freeholder's Managing Agent and appoint their own.
Shortly thereafter, the Leaseholders instructed AM Surveying to execute the RTM process on their behalf.
We duly completed the several stages of the RTM process including forming the RTM Company at Companies House, inviting Leaseholders to join the Company and serving the Right To Manage Claim Notice on the Freeholder.
The Freeholder in this case was a multi-million pound investment Freeholder with Freehold property up and down the UK and they were not prepared to let go of management rights of the building easily.
We took our RTM Claim to the First Tier Tribunal and in mid 2015 we achieved a successful result for the Leaseholders and obtained the Right To Manage.
The Leaseholders now have management control of the building and appointed AM Surveying Property Services as their Managing Agent.
Interested in obtaining the Right To Manage at your building? Contact us and find out how to get started.