Mr Webster owns a leasehold flat in Greenwich in a development of 677 properties. After getting advice from LEASE, he worked with the residents to successfully take over the management of the building with the Right to Manage.
With 549 private apartments in the development, the newly formed management company is one of the largest self-managed RTM companies in the country. Since taking over the management functions, the residents have saved £500,000 from the service charge budget through efficiency, contract negotiation, and scrutiny of the accounts.
Under the management of the residents, the standards for the development have also improved. With some minor building work, the residents improved the common areas in the building and refreshed the communal gardens. The works also tackled latent defects in the build, including repairing the sub-standard fire stopping and fire safety in the original build.
Mr Webster wrote to Alero Orimoloye, Senior Leasehold Adviser, saying:
“The Lease Advice Service were fantastic help to me in the run up to achieving RTM – I had many calls with people on the team”
“Lease Advice were brilliant in this process.”
More information you might find useful:
