Can a Rretired Person Set Up a Right To Manage Company? - By: Tim Bishop

If you are looking forward to retiring in your flat, relaxing with your friends and no longer commuting to work but there is one thing bothering you ' the management service on your block of flats. Solving this issue need not turn your life upside down.

You often hear in the media of landlords and big management companies running buildings to terribly low standards. The conduct of your landlord has been questionable since purchase of the flat.

Many companies that run into trouble are those registered under ARHM (Association of Retirement Housing Managers). When you then discover that they are willing to admit to their failures and lack of compliance with the Code of Practice you soon realise that is it time to get advice from a specialist solicitor - often known as RTM.

Managing agents still remain uncontrolled by statute and therefore demands frequently raise their heads about regulating the leasehold sector.

Well, don't go round in fruitless circles. Move yourself away from these wrong practices and get help from a RTM lawyer experienced in RTM legislation and you will no longer be under the control of your landlord.

It is strongly recommended that you do not attempt to sort the situation out yourself or that retired leaseholders attempt to join forces independently and manage the block themselves.

Nevertheless, in creating a brand new right to manage company, you gain control which previously your landlord would have had.

A specialist solicitor will support you through the various stages involved in forming a right to manage company from beginning to end, which can take about 5 months to complete. At this point your specialist RTM lawyer will make any relevant statutory notice for the leaseholders involved.

You can relax about your time and energy input too. With a right to manage solicitor guiding you, you will need to attend presentations by the appointed management company and be prepared to vote in the selection process for nominated representatives. Following this, changeover is relatively easily done without being too stressful.

One of the major benefits of RTM is that the specially created management company will mean a reduction in costs for you and better value for money when it comes to the charging fee - and get rid of the misued control that your landlord has.

About the Author

Bonallack & Bishop solicitors are a firm of specialist right to manage company solicitors. For advice on right to manage leasehold property, contact them today. Senior partner Tim Bishop is responsible for all major strategic decisions and has grown the firm by 1000% in 13 years. He sees himself as a businessman who owns a law firm.

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