Did you know; it is your right to manage your development, the way you want it managed?
When the Government introduced the Commonhold and Leasehold Reform Act 2002 it provided leaseholders with a right to take control of the management of their building. This process is known as the 'Right to Manage' (RTM) and is open to all owners of private leasehold flats subject to a few perfectly reasonable criteria.
There are in excess of one and a half million flat leaseholders in the UK. The majority of leaseholders do not own their freehold and have little control over the management of their building. Unwarranted loading of leaseholder service charges is a widespread and common problem. There are other legal processes available to provide redress for unreasonable charging but these are time consuming and few go to the leasehold valuation tribunal to seek redress.
Unsurprisingly most leaseholders of private residential flats are interested in having a direct say in how their building is managed, in reducing their service charges and in making the managing agent accountable to them.
At BNS Management Services, we take care of the administration of, and establish the RTM for you by engaging the services of competitively priced specialist local solicitors and applying our knowledge, skills and experience to the process. Once you have acquired your RTM we have a range of supporting services tailored to your development.
There are only three conditions:
The lessees are not required to prove their current landlord is failing in their duties, or that their current agent is managing the building poorly. The lessees are not required to pay any compensation to the landlord for taking control of the management of the building. All leaseholders in the property are entitled to be part of the RTM company and have equal rights and voting powers.
Advantages of RTM
From the date of incorporation of the RTM Company, the process takes approximately five months, providing you can get at least half of the flat owners to sign up within two weeks of incorporation. If they have signed up before you decide to incorporate, then it takes just over 19 weeks from incorporation.
However, there is no guarantee that it will be all plain sailing, although our experience is that, generally, most Landlords are resigned to the new rights of lessees, and we are experiencing high demand for the formation of RTM Companies.
If the details above interest you, we need to talk. This will enable us to outline the services we can offer in supporting you through this process and additionally running the RTM company on your behalf.
If, however, you have been sent this information by your appointed committee you should advise them directly of your support for this. You may be invited to a meeting where this is formally proposed and your indication of support formally documented. After this, you really do nothing. We handle the process in conjunction with a specialist local Solicitor who will form the company and carry out the legal obligations for you.
Once the company has acquired the right , you will immediately have a direct say in how the development is managed.
BNS is the leading Block Management Specialist in the Bristol region. Managing buildings from small, independently owned, sub-divided homes to large scale mixed use developments.
We are members of the recognised trade body ARMA - The Association of Residential Managing Agents; which underlines our commitment to fair trading and ethical working relationships with both client and contractor alike. Furthermore, we are a Local Authority Approved Contractor, which highlights our dependable service endorsed by stringent vetting procedures.
BNS operates a 24 hour service for added peace of mind, meaning we are always available to deal with your requirements and for more serious issues our out of hour’s team will attend the development to assist you where necessary.
4.1 million people* in the UK own a home with a lease and today, plans have been announced for Bristol’s
“From litter picking in the car park to fixing my boiler to making sure I have the right insurance, the team do everything. Life is so much easier with a management agency!”
MR. S, BS30
“I’ve used several management companies in the past but none have been as helpful and fast-acting as BNS. Nothing is too much trouble.”
“When my roof leaked earlier this year, the BNS maintenance team were at my door literally in less than an hour to fix the problem. This meant minimal damage was done to my property and it saved me a lot of stress. Thank you BNS!”
MR. A, BS3
“The BNS out-of-hours service is amazing. I’ve had to call them out twice on a weekend and in the middle of the night and the service was quick and efficient and done with a smile!”
Mrs. W, BS41
“BNS recently re-laid my flooring and re-decorated my property; the quality of the work is brilliant.”
Miss T, BS1
“As a single mum living on my own, there’s a lot that goes on around my property that I can’t always keep up with myself. The BNS guys are a godsend when I need something done and especially when something goes wrong.”
MS. C, BS1