Prepare your block to take control through Right to Manage.
We help leaseholders organise the building information, financial records and practical preparation needed before and during the process of setting up an RTM company and preparing to take over management.
Where legal advice or formal statutory work is required, we help organise the information for the appropriate specialist.
Pricing depends on the size of the building, number of participating leaseholders, volume of documents and the level of financial and handover preparation required. We confirm the scope and price before work begins. Legal, company-registration and other third-party professional fees are not included unless expressly stated.
This service may be suitable when:
- Leaseholders are considering taking over management of their building
- A group has started discussing Right to Manage but is unsure what information to collect
- You want to understand the building's finances before taking responsibility for them
- You are preparing to establish an RTM company
- You need to organise participating leaseholder and building information
- You want to understand existing contracts, suppliers, reserves and major works before handover
- An RTM company has already been formed but needs help preparing for management
- You want a structured pack before speaking to an RTM solicitor, specialist or prospective managing agent
Documents and information to send
Upload as many of the following as are available:
- Current service-charge budget
- Recent service-charge accounts
- Reserve-fund statements
- Major supplier contracts
- Managing-agent information
- Major-works documents
- Insurance information
- Relevant lease pages
- Building and flat information
- Details of leaseholders interested in participating
- Existing RTM company documents, where already formed
- Correspondence relating to the proposed RTM
- Information already received from the landlord or managing agent
- Managing-agent proposals or quotations, where available
What we review
- The current financial position of the building
- Existing budgets and service-charge expenditure
- Reserve-fund balances and movements
- Major contracts and recurring supplier costs
- Existing or planned major works
- Management and professional fees
- Information available about existing management arrangements
- Documents or financial information that may still be required
- Building and participating-leaseholder information provided to us
- Practical financial issues to consider before management transfers
- Questions to raise with an RTM specialist, solicitor or proposed managing agent
- Information that may need to be obtained from the current landlord or managing agent
Your RTM preparation pack
You receive a structured pack setting out, depending on the agreed scope:
- Plain-English summary of the proposed RTM
- Building and participant information
- Current financial overview
- Service-charge and budget summary
- Reserve-fund position
- Existing supplier and contract overview
- Major-works position
- Important documents already available
- Information and documents still to obtain
- Key financial and management questions
- Issues that may require legal or other professional advice
- Practical preparation points before management transfers
Preparing for the handover
Taking over management involves more than forming a company. Before the RTM company begins managing the building, directors may need to understand the existing budget, service-charge arrangements, contracts, reserve funds, planned works and the services that must continue after handover.
Where included in the agreed scope, VeraHold can organise this information into a financial and operational handover summary and help identify matters that should be discussed with the outgoing manager, proposed managing agent or professional advisers.
Working with professional advisers
The formal Right to Manage process can involve statutory notices, eligibility requirements and legal or procedural questions.
VeraHold can help organise the underlying building, financial and documentary information so that the group is better prepared to work with an RTM specialist, solicitor, managing agent or other professional. Where appropriate, we may recommend obtaining specialist advice before proceeding.
Important limitations
VeraHold does not provide legal advice, determine whether a building qualifies for the Right to Manage, provide a legal interpretation of leases, certify an RTM company's compliance with statutory requirements or represent the RTM company in a dispute or tribunal proceeding.
Unless expressly agreed as an administrative service, VeraHold does not prepare or serve statutory RTM notices. We do not act as your managing agent, solicitor, accountant or company secretary.