Why Right to Manage?
Taking control of how
our building is run
Many leaseholders feel the current arrangements have not delivered value for money. RTM gives us the legal right to change that — together.
Leaseholder Control
Key decisions about management, maintenance and procurement will be made by a company run by leaseholders — people who live here and pay the charges.
Accountable Management
Our chosen managing agent will be directly accountable to the RTM Board, ensuring that management decisions reflect the priorities and interests of owners.
Full Transparency
Greater visibility over budgets, contracts, insurance arrangements and repair works. No more opaque commissions or unclear procurement processes
Budget Review
We will undertake a comprehensive review of all costs within the annual service charge budget.
What Changes
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Building Management
Management transfers from Freehold Managers to new agent, acting under instruction from the RTM Board of Directors.
Service Procurement
Clear specifications and competitive, arm's-length quotes from contractors.
Financial Oversight
Greater transparency around budgets, contracts and invoices with scrutiny of major cost items.
Better Value
Services procured through competitive, arm's-length tendering. Closer scrutiny of
major cost drivers such as
building insurance
No Extra Cost to Join
There is no separate fee to participate in the RTM and is undertaken on a no-win, no-fee basis.
What Changes under RTM and what stays the same?
RTM transfers management responsibilities. It does not change your lease or the freehold ownership.
What Stays the Same
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Your Lease
Your lease terms remain exactly the same. RTM does not alter or replace them in any way.
Freehold Ownership
Freehold Managers continues to own the freehold and collect ground rent. RTM changes management, not ownership.