“Let Save My Service Charge Help.”
The Commonhold and Leasehold Reform Act 2002 (Right To Manage):
Gives flat owners the legal right to take control of their building by forming a Right to Manage Company. We want to help empower you with that right.
The Right to Manage (RTM) was introduced through the Commonhold and Leasehold Reform Act 2002. It gives leaseholders the statutory right to take over the management of their property from the landlord/freeholder.
You do not have to get the landlord’s permission, prove mismanagement or obtain a court order to exercise this right. It is available for all, providing you meet certain criteria.
The process is reasonably straightforward, however. the qualifying rules and criteria can be complex. This is why we advise using our service to to help you with how to set up a right to manage company.
Right To Manage: Pros and Cons
Simply put, landlords who have no monetary obligation or any pronounced significance in the day to day management of a block, are very unlikely to guarantee flat owners are getting the value for the money they pay for.
After forming a Right To Manage company, directors responsibilities include being responsible for:
Save My Service Charge can help although we cannot guarantee this service to all residents. Subject to an initial assessment, we are able to offer a full RTM transfiguration at zero cost to residents. We do all the hard work, upon approval, we simply need a resident who will become our main contact and we do the rest.
Save My Service Charge offers a quick “one-stop-shop” for all blocks that already have over 50% of residents signed up to form a Right To Manage company.
| Our Fees are as follows | |
| RTM Company Setup | *£325 |
| Statutory Notices | *£37 (Per Flat) |
| Title Registers | *£9 (Per Flat) |
| Working Example - For A Building Consisting Of 60 Flats Our Fee Is | |
| RTM Company Setup | *£325 |
| Statutory Notices | *£2,220 |
| Title Registers (60x£9) | *£540 |
*Our fees come with a money-back guarantee, should your case be escalated to an FTT and in the unlikely event we lose, we offer a full money-back guarantee.
**Fees exclude freeholders’ legal fees which can occasionally be claimed back. Legally these are required to be “reasonable costs” and can be countered.