Why should a company have D&O insurance?

Directors' and officers' insurance (or D&O for short) is often described as a "must have" cover for directors of RMCs and RTM companies. Paul Robertson has kindly allowed this extract of his book, Robertson’s Insurance Principles for Leasehold Flats, to be reproduced which explains this essential cover. The need [...]

By |2021-07-18T17:24:59+01:0018 July 2021|insurance, Resources|0 Comments

The life of a residents’ management company director

Lessee owned and controlled companies are common, and include: residents' management companies enshrined in tripartite leases (where each lessee is a member); right to manage companies who have acquired the right to manage in accordance with the provisions of the Commonhold and Leasehold Reform Act 2002; and enfranchisement vehicles [...]

By |2021-07-18T17:11:54+01:0018 July 2021|company matters, Resources|0 Comments

RTM companies and service charge demands

There are various restrictions (both contractual and statutory) on the recovery of service charges. One of the statutory restrictions is that a demand for service charges must comply with sections 47 and 48 of the Landlord and Tenant Act 1987.  This means demands for service charges must include the name [...]

By |2021-07-18T16:04:00+01:0018 July 2021|Resources, RTM, service charges|0 Comments

I own the freehold of my house, why do I need to pay an estate rent charge?

Rent charges are quirky.  Because of this, the way in which they operate is often misunderstood. Service charges, maintenance charges, amenity charges, and various other terms are generally used to describe an estate rent charge. Essentially, an estate rent charge is the mechanism by which a freeholder contributes towards [...]

By |2021-07-18T15:37:42+01:0018 July 2021|estate rent charges, Resources|0 Comments

RTM: management after the acquisition date

Acquiring the right to manage is just the start for an RTM company. From the acquisition date onwards, the RTM company will assume responsibility for carrying out the "management functions". Management functions are functions with regards to services repairs maintenance improvements insurance Essentially, from the acquisition date onwards, the [...]

By |2021-07-18T15:07:00+01:004 July 2021|Resources, RTM|0 Comments

RTM: management after acquisition

Acquiring the right to manage is just the start for an RTM company. From the acquisition date onwards, the RTM company will assume responsibility for carrying out the management functions. Management functions Management functions are defined under the Commonhold and Leasehold Reform Act 2002, and are functions with regards to [...]

By |2021-06-27T18:30:04+01:0021 February 2021|Resources, RTM|0 Comments
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