Right to manage and residential block management
Residential block management is a process where a management company manages a block of residential properties on behalf of leaseholders (in case of an RTM) and freeholders. Furthermore, the right to manage allows leaseholders to take control of a block of property from the landlords or freeholders. Here is a two-minute read concerning block management of a residential area.
When to exercise the Right to Manage?
There is no need to exercise RTM if everything in your block works well and all the amenities are provided per regulations and contracts. A group of tenants in a residential block of properties may exercise RTM if their lifestyle and facilities lack sound quality.
After exercising this right, you need to form an RTM company with a board of directors which should include most of the leaseholders and tenants of the properties.
Finally, it is time to hire a block management company like Uniq Block, which excels at providing the needed facilities for a better standard of living.
Residential block Management services
In the case of an RTM, you need to hire a private management firm or company to manage your residential block of properties. They will be responsible for the following aspects:
- Ensuring the safety equipment installations in the buildings or flats. (Fire alarms, electrical fails)
- Proper maintenance of Airconditioning and HVAC.
- Garden and gallery cleanliness and upkeep.
- Maintenance of plumbing and electrical systems.
- Ensuring the availability of 24 hours emergency services. (Health, Fire)
- RTM regulations management.
- Essential paperwork submissions.
- Financial reports.
- Much more.
An RTM company is a body that ensures that your well-being and hard-earned money are in the right place. And you are getting the facilities you deserve. Finally, please feel free to ask for a free quote concerning your residential block management. Thanks for the Read!