Right To Manage
Want To Take Control Of The Management Of Your Building?
Right To Manage (RTM) is the legal process which empowers the Leaseholders of a building to take over the Property Management and maintenance of the building. RTM holds significant value for leaseholders as it eliminates the need for landlord approval, evidence of mismanagement, or court intervention to exercise this right. Despite the apparent simplicity of the process, navigating the intricate qualifying rules and criteria can be challenging.
Xenia Estates can provide valuable assistance in guiding leaseholder through this process, drawing upon our expertise in managing properties of a similar nature, allowing the control to be taken back from the overall Landlord.
Once the RTM Company is successfully incorporated and the process completed, the Leaseholders will have the freedom to manage the building in the way they wish. Xenia Estates will work with the Directors to fulfil their management requirements through a fully tailored service level agreement, overriding the previous authority of the Freeholder of the building.
Services offered
We believe our services should be tailored to both our Client and the individual development. Whilst some services will fit all, others are adjusted to fit the unique requirements for the individual developments we manage.
Formation of RTM Company
Guidance through RTM Process
Transparent Reporting
Leaseholder Engagement
Compliance & Risk Management
Contractor Procurement
Company Secretarial Services
Financial Management
Onsite Enhancements
Out of Hours Service
Eco-Conscious Service Delivery
Capital Expenditure Planning
Why choose us?
Xenia Estates are proud to offer a variety of dependable and innovative services. We strive to provide the most premium, honest, and accountable service we can, to create desirable places to live and build communities, whilst protecting and enhancing the investment of all parties involved.
We are members of the Royal Institution of Chartered Surveyors (RICS), The Property Ombudsman (TPO), and our experienced property managers are qualified members of The Property Institute (TPI).
Case Studies
Xenia Estates was approached by Right To Manage (RTM) directors for this development in 2018. The building was failing building with a poor standard of Maintenance and Service Charge Management. Due to this poor Management, rental values for the properties were falling and furthermore occupancy levels were under 50%, with some leaseholders not receiving rental income for 3 years.
Once instructed as the new Managing agent, and working closely with the RTM directors, Xenia Estates set about implementing changes and making key strategic improvements to the building. The building is now 100% occupied for the second year running and has a stable service charge.
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