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Resident Management Companies (RMCs) are often formed when leaseholders are responsible for managing certain aspects of their building. In many cases, the directors of these companies are residents who volunteer their time to support the management of the property. While these roles are important, many directors have little or no formal training in property management. This can lead to uncertainty when dealing with legal responsibilities, financial decisions, and building mai

Right to Manage (RTM) companies allow leaseholders to take control of the management of their building without purchasing the freehold. This gives residents more influence over how their building is maintained and how service charges are managed. RTM directors play an important role in ensuring that the building is managed responsibly and efficiently. Their duties can include organizing maintenance work, communicating with managing agents, overseeing finances, and making deci

Managing a leasehold building can seem complicated, especially for residents who are not property professionals. Many leaseholders, RTM directors, and resident volunteers find themselves responsible for decisions that affect their building without having formal training in property management. Leasehold buildings operate under a legal structure where the property is owned by a freeholder, while residents hold leases that grant them the right to live in the property for a fixe