Tag Archives: London

After exercising RTM, do we have to appoint an agent?

A building will not manage itself, and there is much to be done if the leaseholders are to receive the services promised in the leases and the building kept in good repair; insurance needs to be put in place and … Continue reading

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Our landlord lives in the building. Does that complicate the Right to Manage porcess?

RTM does not apply where the premises fall within the resident landlord exemption. To fulfil this exemption – The premises must not be a purpose-built block of flats AND There must be no more than four flats AND One of … Continue reading

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The acquisition date…explained

The acquisition date is the date on which the RTM company formally takes control of the management from the landlord: where the landlord has not disputed the claim, the acquisition date will be the date specified in the company’s Notice … Continue reading

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Can I obtain a copy of my insurance policy?

Under the Landlord and Tenant Act 1985 an individual leaseholder or the secretary of a recognised tenants’ association can ask the landlord for a written summary of the policy or an opportunity to inspect and take copies of the policy. … Continue reading

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Do I need permission from the freeholder to sub-let my flat?

You should ensure that the lease allows you to sublet the property. There may be a pre-condition that you must obtain consent from your landlord or some other party before subletting. This means that you cannot sublet without first obtaining … Continue reading

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What happens to leaseholder funds after Right to Manage is exercised?

All leaseholders’ funds which are held on trust by your existing managing agent must be handed over to you or your appointed managing agent after the Acquisition Date. All funds in reserve fund accounts, sinking funds and future maintenance funds must … Continue reading

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Some responsibilities of Right to Manage

•the leaseholders will manage the building through a company and will need to learn about company procedures or to employ someone to advise them on such matters. •people must be found to be officers of the RTM company, not just … Continue reading

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Right to Manage – basic steps

Step one – you have to set up the RTM company Get professional advice about setting up the RTM company; there are legal steps and fees involved. Step two – membership of the RTM company You have to ask the … Continue reading

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