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So, there are not sufficient numbers of flat owners in your block who are interested in buying the freehold...what now? The Right to Manage (RTM) your block is a useful option available to flat owners who do not have funds readily available to Buy their Freehold and is fast becoming a popular alternative to a freehold purchase.
The advantages are, for zero purchase price, you can take over the Freeholder’s management obligations, which means your RTM Company will then be in charge of insuring the building and day to day management and maintenance. This means the participating flat owners gain control of their service charge bills.
Call a Right To Manage specialist now on 020 8662 6090, email here or submit your enquiry through our Get In Touch page.
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