Right to Manage – Block Management – Part 4

Right to manage – block management – Part 1 – click here

Right to manage – block management – Part 2 – click here

Right to manage – block management – Part 3 – click here

So, here’s the latest installment regarding the Right to Manage (RTM) we are leading. Below is an update we are sending today to the participants in the RTM – representing over 75% of the leaseholders. No names yet, will divulge all soon.

 ”Dear XXXX,

 I am writing to keep you updated on the progress of the Right to Manage (RTM) initiative at XXXX.

 Below are the updates to the steps as set out in my email of 4 June:

 STEP 1: To set up the legal RTM Company. COMPLETED

XXXX RTM Company Limited (company registration number XXXX) was incorporated on 14^th June 2010.

 STEP 2: XXXX RTM Company Limited served Notice on non-participating Leaseholders. COMPLETED

Notice was served on 15^th June 2010.

 STEP 3: 1 month Claim Notice to be served on the freeholder. COMPLETED

           Notice was served on 01^st July 2010 giving them 1 month to object on specific grounds only.

 STEP 4: Following the expiry of the 1 month Claim Notice, there is a 3 month waiting period to enable a smooth transition between the property management companies. IN PROGRESS

We are currently in the 1 month Notice period. Should the freeholder raise any objections, these will be dealt with by Chainbow/Young Group.

XXXX RTM Company Limited intends to acquire the right to manage the premises on 2 November 2010, with the management being transferred to Chainbow on the same date.

 Should you have any questions, feel free to contact me at the Young London office on +44 (0)20 7593 3300.”

To be continued . . . part 5 coming soon . . .

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