Want to manage your block?
Get RTM now
Freedom
An RTM company is free to appoint contractors and agents of its choosing to help manage its site.
Control
An RTM company will have control over how it meets its obligations under the lease.
Savings
An RTM company may take advantage of savings such as placing its own insurance cover.
Our Services
Suitability
We will help determine if your development is eligible to apply for Right to Manage.
Application
We will professionally prepare and process all statutory Right to Manage requirements.
Success
Once an application is completed, your new RTM company is ready to go.
Pricing
- Site fee – £240
- Per unit fee – £95
- Company incorporation charge – £50
- Disbursements – Usually around £100
- Additional costs – Landlords reasonable costs (if any), usually around £600
Site fee and unit fees are subject to VAT, minimum fees apply
Why Choose Us?
RTM Now is operated by Block Management Ltd, an established property agent which has successfully obtained Right to Manage for clients across England and Wales since the introduction of the Commonhold and Leasehold Reform Act 2002.
As owners of leasehold property ourselves, we understand how effective a well run management company can improve a development and with Government not fundamentally changing or abolishing leasehold anytime soon, the time to get Right to Manage is now.
FAQ
What is the Right to Manage?
The Commonhold and Leasehold Reform Act 2002 granted leaseholders the right to manage their building without the requirement to prove wrong-doings by the landlord or managing agent.
What will it achieve?
If successful, the RTM company may take on the functions of the landlord and place its own insurance, contractors and other service providers such as a managing agent of its own choice rather than be obliged to accept the service of the landlord.
How long will it take?
Once the eligibility is met, the statutory process will take will take around 4-5 months.
A Few Case Studies
Established to allow the Residents Management Company (RMC) to place their own insurance for the 79 apartments rather than accept the freeholder’s premium, resulting in a saving of £4,500 in 2022 alone.
Florey Court and Peony House RTM Company Ltd
Registered on behalf of 24 maisonette properties to enable leaseholders to place their own insurance and use local contractors. The majority of leaseholders subsequently enfranchised.
Heronbridge Close RTM Company Limited
Acquired on behalf of leaseholders to manage 50 apartments over 6 blocks. Each block individually acquired RTM to ensure full management of the site.
Trent Road RTM Company Ltd
A site of 6 blocks managed by a large national agent looked to reduce costs and improve services by appointing an agent of their choice. RTM acquired block by block.
Brock End RTM Company Ltd
leasehold apartments in the UK
RTM Companies in the UK
average UK service charge increase since 2019*
*The Property Institute Service Charge Index 2024
The above figures are indicative.
Ready to manage your block?
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