Charlesons supplies property management services for numerous individual ground rent investors, and corporate and developer freeholders.
For over 12 years, we have continued to provide our freeholder clients with the highest level of service integrity that is completely transparent, efficient and cost effective. Our abiding commitment is always to protect and maximise the value of the client’s investment.
Acquiring the Freehold by Right To Manage (RTM)
There are measures available to long leaseholders to acquire the freehold estate – known as Collective Enfranchisement – in accordance with the Leasehold Reform Housing and Urban Development Act 1993 (as amended by the Commonhold and Leasehold Reform Act 2002).
Alternatively, the Landlords Management functions can be withdrawn via the Right to Manage, in accordance with the Commonhold and Leasehold Reform Act 2002.
Leaseholders do not need to provide evidence that the block has been poorly or indifferently managed. Furthermore, acquiring the RTM does not entail freehold interest to be purchased by the long leaseholders for collective enfranchisement.
Charlesons provide a different management approach for freehold clients to significantly reduce the risk when long leaseholders collectively enfranchise or acquire the RTM.
Our paramount priority is to ensure that transparency is maintained throughout the entire management contract. Freeholder clients are fully informed of developments within the block by:
- Quarterly update reports
- Holding Residents’ Meetings on an annual basis
- Actively monitoring Service Charge expenditure
Reducing the likelihood of significant year on year increases helps to preserve a strong and long-lived relationship with leaseholders.