A leading residential property management firm, Rendall & Rittner, has announced that it is expanding its Right to Manage (RTM).
Introduced by the Commonhold & Leasehold Reform Act in 2002, RTM provides leaseholders with the right to acquire the management duties of their landlord and effectively take control of running their apartment building.
Azmon Rankohi, Group Head of Legal at Rendall & Rittner, explains: “The Right to Manage process is ideal for residents who are considering taking over the management of their apartment building. Although the process of RTM is relatively straight forward, the qualifying rules and criteria can be complex. As a leading property management company, Rendall & Rittner is able to provide expert advice on managing apartment blocks of all sizes and is pleased to guide prospective RTM clients through the process.”
In order for an RTM claim to be successful, a property owner will need to follow the correct procedures and comply with all steps. Rendall & Rittner’s RTM scheme is able to assess whether a building meets the required criteria, help residents to create their own management company and send Notices of Invitation to Participate to all qualifying leaseholders in an apartment scheme.
Rendall & Rittner Managing Director, Richard Daver, comments: “We are pleased to offer our services to leaseholders interested in this process and guide them through the procedure of Right to Manage. With over 30 years of property management experience, our wealth of knowledge will help prospective clients understand what is involved in managing a building and the steps needed to begin the RTM process.”