How to Cover the Costs of RTM

If you own a flat in a block that forms part of a wider estate, the idea of organising a Right to Manage (RTM) claim might seem time-consuming, difficult and costly.

Given the complexities and volume of work involved, which you can discover here, it is essential to have specialist solicitors experienced in dealing with RTM for big blocks.

We are affiliated with a reputable property management company, with whom we have often worked to make large claims both attainable and affordable.

In some instances this partner covers our fees for making the RTM claim on the basis that, once management is acquired, they will manage the block for an agreed period.

For example, we are currently working on an RTM claim in respect of 260 flats spread over 9 separate blocks. In this case the leaseholders appointed the property management company with whom we are affiliated as their managing agent. As a result, our partner covered our legal costs in exchange for acting as the managing agent for one year.

In another case, where 100 flats spread over 2 blocks had previously failed three times to obtain the right to manage, we stepped in and our affiliated property management firm covered our legal costs in exchange for acting as the managing agent for one year.

In both instances, our clients got their legal fees paid for FREE and they can still change managing agents once their initial contract expires if they so wish.

To discover how you could get your RTM legal fees covered, call 020 7963 8690.

Written by Simon Masters

Senior Associate Solicitor