SELF MANAGEMENT OR APPOINTING AN AGENT?
Flat owners may gain management responsibility in various ways, for example, by purchasing the freehold, through Right to Manage (RTM) or simply by delegation of the management responsibilities from the landlord. Whatever the route, the management is normally exercised through some form of resident management company (RMC).
The RMC will assume responsibility for the management and repair of the building, and for compliance with the requirements of the lease, plus many statutory requirements.
Planned Maintenance Programmes
The vagaries of the English weather together with day-to-day wear and tear mean that all buildings deteriorate over time. Changes to legislation/statutory requirements also affect the standards by which properties are judged. For leaseholders, it is vital that these changes are effectively managed and their block kept safe and sound, while avoiding major disruption and financial cost. If they are neglected, even the most beautiful buildings can – quite literally – fall apart.