Mallorie Estates are the Right To Manage experts
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Right To Manage EnquiryRight To Manage Leasehold Properties in Wiltshire
We specialise in Right To Manage mechanism for leasehold properties throughout Wiltshire
Right To Manage allows leaseholders of residential properties to take over the management of their property from the landlord or managing agent.
Here are the benefits of using the Right to Manage mechanisms for property management:
- Increased Control
- Improved Transparency
- Reduced Costs
- Tailored Services
- Improved Communication
- Flexibility
- Long-Term Planning
- Resident Involvement
- Control Over Service Providers
- Dispute Resolution
- Legal Protection
Right To Manage Responsibilities
Responsibilities that leaseholders and the Right to Manage Company (RTMC) must assume:
- Compliance with Legal Requirements
- Service Charge Management
- Appointment and Oversight of Managing Agent
- Maintenance and Repairs
- Insurance
- Budgeting and Financial Management
- Resident Communication
- Decision-Making
- Record Keeping
- Dispute Resolution
- Legal Obligations
- Transparency and Reporting
Leaseholders and the RTMC need to be well-informed about their responsibilities as they assume a significant role in the management of their property once the Right to Manage is acquired.
What is Right To Manage (RTM)
RTM is designed to empower leaseholders and improve their control over the management and maintenance of their residential properties. It allows leaseholders to make decisions that align with their preferences and priorities, enhancing transparency and efficiency in property management.
Key features include:
- Collective ownership – Leaseholders who meet certain eligibility criteria can come together to form an RTMC.
- Eligibility criterea – To be eligible for RTM, the property must be a self-contained building or part of a building with at least two-thirds of the flats held by qualifying tenants.
- Transfer of management – RTMC assumes responsibility for various management functions, including service charge collection, maintenance, repairs and other day-to-day activities.
- Notice and Consultation – Leaseholders must follow a specific legal process.
- Setting Up an RTMC – establish a limited company
- Legal Protection – The Right to Manage is governed by the Commonhold and Leasehold Reform Act 2002.
How to Appoint a Managing Agent
Appointing the right managing agent is crucial for the effective and efficient management of your property after acquiring the Right to Manage. A thorough selection process, clear contractual agreements, and ongoing communication are key factors in ensuring a successful partnership with the managing agent.
Right To Manage for Properties across Wiltshire
- Amesbury
- Castle Coombe
- Chippenham
- Cricklade
- Devizes
- Marlborough
- Malmesbury
- Melksham
- Royal Wootton Bassett
- Salisbury
- Tidworth
- Tisbury
- Trowbridge
- Warminster
- Westbury
- Wilton
