Change was needed and Mr Cleary and his fellow leaseholders researched the Right To Manage, a process that would allow the leaseholders to take control of their block management. Mr Cleary identified Urban Owners as a potential company that could help their cause after reading our website and through consultation with Urban Owners the block decided to proceed with the Right To Manage.
Urban Owners ensured the block met the criteria that is required for the process and formed the RTM Company on their behalf. Then following the stringent processes Urban Owners guided the block successfully through the procedure. Although Urban Owners was doing the work on behalf of the leaseholders, they were kept informed throughout so they fully understood the process and were able plan ahead for the future block management of the flats. Please see our comprehensive Right To Manage Guide for detailed information on the process.
The process took approximately 5 months and cost the block £800 to acquire the RTM. However upon their acquisition date they took control of the block management, meaning that they and not the freeholder was now responsible for the management, maintenance and insurance of the building. They chose Urban Owners to act as managing agent, providing our Admin Assist service. This allowed them to choose the exact services they required for their block, whilst controlling the budget as well. Through this control and our expertise and advice, the block made substantial savings in year one alone.
The Right To Manage is not a difficult process as Mr Cleary and his fellow leaseholders found out. With the correct guidance, Urban Owners helped them through to achieve what they were seeking to achieve – taking control – and ultimately through this control, they saved money on their service charges.