Q: Your publication ‘Running A Block Of Leasehold Flats’ advises Management Companies (that own the freehold). To what degree is the information relevant for RTM Companies?
FPRA Director Shula Rich replies:
The RTM company steps into the shoes of the freeholder, so all of it is relevant apart from the freeholder’s business responsibilities or rights for example:
- not collecting the ground rent
- no ability to threaten or to forfeit flats.
- no responsibility for any rent collection from registered tenants etc.
[Submitted October 2019]