Residential property management company, Rendall & Rittner, has announced that it is strengthening its business portfolio by expanding its Right to Manage (RTM) offering.
The initiative, which was introduced by the Commonhold & Leasehold Reform Act in 2002, provides leaseholders with the right to acquire their landlord’s management functions allowing them to take control of the running of their apartment building.
In order for an RTM claim to be successful the correct procedure must be followed. Rendall & Rittner is able to assess whether a building meets the criteria required for RTM, help residents create their own management company, send the Notices of Invitation to Participate to all qualifying leaseholders and serve a Claim Notice. If a claim is opposed Rendall & Rittner is also able to assist with any Tribunal application.
Azmon Rankohi, Group Head of Legal at Rendall & Rittner said, “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.”
Richard Daver, Managing Director at Rendall & Rittner said, “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.”