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Right to Manage
Posted on: August 11th 2016
Section: Member news


At Vickery Holman Property Management we have seen an increase in enquiries from owners of flats on Long Leasehold agreements, seeking to take control of the building in which they live.


The Right to Manage (RTM) option is a process introduced by the Common hold and Leasehold Reform Act 2002 providing qualifying leaseholders the ability to undertake the management functions and responsibilities for their building under the terms of the lease.


Upon the acquisition date the Right to Manage Company takes over all the day to day management functions for the building such as services, repairs, maintenance, insurance and management. Some additional functions usually exercised by the Landlord are also handed over to the Right to Manage Company including approvals and enforcement of covenants within the lease however collection of any Ground Rents due remain with the Landlord along with functions relating to forfeiture.


At Vickery Holman we work with many RTM Companies and also Resident Management Companies (RMC’s) and understand the need for a building to be well organised and efficiently run. Offering an effective and proactive management service, we can ensure that your building is maintained to the highest possible standards and in accordance with, not only your lease, but also current Health & Safety legislation.


In addition we can offer professional advice and be an independent and impartial party collecting the service charge funds due for the building. Being locally based, we are well placed to respond to the property’s reactive requirements within an appropriate timescale during the working day. We also have access to additional property services and expertise offered by the Vickery Holman Surveying department who we work alongside with.


Below are some comments received by Vickery Holman Property Management clients,


“We appointed Vickery Holman as the managers for our block of flats five years ago, and we have never regretted this decision. Our relationship with them has been superb. The team is always friendly proactive and helpful.

Problems are dealt with in a timely and efficient fashion. Additionally, the fact that they have an experienced team of surveyors and other professionals to call on has been most helpful at times We would and indeed have recommended them to others.”


Another client commented


“I am quite happy with the service we have received and our complaints have been acted upon in a speedy and efficient manner. There are problems with water ingress which the management company have devoted a lot of time and energy into trying to resolve the problem. I feel confident with the service we are receiving and look forward to the same service in the future.”

 

A further comment from a resident who also is a Fellow of the Royal Institution of Chartered
Surveyors:-

 

“Having had a lifetime experience of property management and now in retirement, quite simply I found Vickery Holman’s management team, the most professional, efficient and pro-active management company that I have experienced and would have no hesitation in recommending their services to any interested parties.”


Should you be interested in appointing Vickery Holman as your managing agent to assist you with the day to day maintenance and management of your building, then please contact a member of our local Property Management team in Truro (01872 245600), Plymouth

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