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Insurance for Right to Manage (RTM) flat and apartment owners
Right to Manage insurance is relevant to flats and apartments and other properties that are owned under the terms of the The Housing (Right to Manage) Regulations 1994 and which need to be insured on behalf of Tenant Management Organisations.
RTM Companies looking for buildings insurance
Buildings insurance for RTM flats is a highly specialised area of property insurance and QuoteRack is delighted to offer Right to Manage flat and apartment owners the opportunity to receive a quotation for 'Right to Manage' property insurance from an expert insurance intermediary who specialises in this type of buildings cover.
"The leaseholders formed a tenant management company and we needed to arrange buildings insurance cover for the apartments, the grounds and various other aspects of managing the freehold"
Commonhold and Leasehold Reform Act 2002
The Right to Manage principle was first provided under the terms of the Commonhold and Leasehold Reform Act 2002 and gives leaseholders the chance to have a far greater control of how their Right to Manage flats and apartments are run.
Invaluable advice is also available from the Leasehold Advisory Service and a copy of their excellent 'Right to Manage' guide is available to download here.
Right to Manage Property - Resources
Leasehold Advisory Service
A document from the Leasehold Advisory Service offers Invaluable advice and a source of information for those considering Right to Manage action
Further details about how your RTM application may ultimately be progressed and/or resolved
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"It was the level of service charge that eventually brought most of the flats leaseholders to the point where we decided to go down the right-to-manage route. We're so glad we did and now we are fully in control of our own property, buildings and freehold"
"The Commonhold and Leasehold Reform Act 2002 has meant that most owners of flats and apartments have the right to manage their own property to a far greater extent, and often more efficiently, than the original freeholder"