TILFORD ESTATE RTM COMPANY LIMITED
TILFORD ESTATE RTM COMPANY LIMITED
[email protected]
Welcome leaseholders and residents to the new Tilford Court RTM (right to manage) web page.If you have not done so already, please email the [email protected] address with your most up to date contact details and flat numberWe are in the process of a transition to a RTM company for the Tilford Court building, (with over 75% of owners already exercising their right to do so and voting in favour - this makes it inevitable), the matter is now with solicitors who are acting on our behalf. Thank you for your support.As to date, if we imagine it as a house sale, we have 'exchanged' - having overcome the biggest hurdle, as opposed to 'completed' the process.Tilford Estate RTM Company Limited is the RTM company was set up by leaseholders at Tilford Court who saw the danger of external people or companies controlling our homes.Its purpose is to exercise the statutory Right To Manage for the Tilford block – so that decisions about how Tilford is run are made by the people who actually live in and pay for the building, rather than by a distant management company, external agents or by landlords that do not live in Tilford Court itself.Separating from a company that oversaw two buildings, allows both buildings greater flexibility and accountability. (Within the previous building also the leaseholders are free to choose its their own path, although in our opinion, we would recommend RTM as a model, as it allows both companies to then run their own buildings and affairs, with the legacy company only overseeing estate grounds).Nb. - Tilford leaseholders still hold full voting rights in it's previous company. This ensures they are treated fairly when it comes to the grounds and carparks (which the other company manages) as they are still part of that company and bring their votes to it in terms of holding directors to account and at AGM and EGM (meetings) etc.In the very near future; (when Tilford Court becomes fully a RTM), as fellow residents, we will manage the building on behalf of the leaseholders and residents of Tilford Court exclusively, and we expect, with closer oversight to keep lower maintenance charges or at least keep a lid on them, as well as other advantages - scroll down for more. - more details to follow!If you have not done so already, please email the [email protected] address with your most up to date contact details and flat number.TILFORD ESTATE RTM COMPANY LIMITED
Company reg: 16688897
Reg address: 28 Wilton Road, Bexhill on Sea, East Sussex, TN40 1EZEmail contact: [email protected]Legacy email:([email protected])Directors of the committee:G Gambier (chair)
A Elphick
O Butcher
⸻Currently Tilford Court is in the process of becoming a RTM company.What is a Right to Manage (RTM) company?In England and Wales, flat-owners have a legal “Right to Manage” under the Commonhold and Leasehold Reform Act 2002 - so long as more than 50% of the Leaseholders (owners) have voted for it - the block can become an RTM. This is relatively brief process undertaken by solicitors and cannot be stopped by landlords or landlord companies.This allows leaseholders in a building or block of flats to form a special company – an RTM company – which takes over the landlord’s management functions for the building. That means the RTM company makes the key day-to-day decisions about:
• Services and repairs
• Maintenance and improvements
• Buildings insurance
• Management of the shared parts of the block etc etc.The control of management of the building moves fully to the leaseholders’ RTM company.⸻Tilford Estate RTM Company LimitedTilford Estate RTM Company Limited is the RTM company set up by leaseholders at Tilford Court who saw the danger of external people or companies controlling our homes.Its purpose is to exercise the statutory Right To Manage for the Tilford block – so that decisions about how Tilford is run are made by the people who actually live in and pay for the building, rather than by or external agents such as a distant management company, or landlords - people that do not live in Tilford Court itself.⸻Advantages of having an RTM company for Tilford (there are many - here are just a few!)• More control - Leaseholders can more likely decide priorities for repairs, maintenance and improvements, instead of having them imposed by a freeholder or managing agent.• More democracy - one member, one vote! A person or landlord owning multiple properties within the block will only ever get one vote. This improves democracy.• Better value for money - The RTM company can shop around more easily for contractors, insurance and services, aiming for a better balance of cost and quality. This means that over a very short time, costs are saved and less money wasted.• Greater transparency and accountability - Service charges and management decisions are overseen by a board made up of leaseholders, who are more accountable to fellow residents.• Local knowledge - People who live at Tilford understand how the block actually works day to day, so spending can be directed where it is most needed.• Flexibility - The RTM company can either manage things directly or appoint/replace professional managing agents if that’s more practical. - This protects owners from ever rising costs placed on them from management companies (see numerous news articles) as they 'sit over' the management company with the power to shop around for a new one or dismiss them or not have one at all (current model).It gives Tilford Court residents a real say in how their homes are managed.