Costs

You may have seen other companies offering to set up Right to Manage companies for heavily discounted a headline cost. However these figures often fail to take into account all the costs of setting up an RTM company, statutory fees and the additional expenses arising from any dispute with the landlord.

Our pricing is more transparent. We will highlight all the likely expenses and the unavoidable statutory costs. We quote on an individual basis to reflect the size and nature of the block and amount of work likely to be involved.

What are the costs involved?

As a guide there are three principal cost elements in undisputed applications:

Our fees for setting up the process, collecting funds, meeting and canvassing leaseholders and dealing with the procedures to pursue and run the RTM claim as described.

Company formation fees paid to a specialist company formation agency. We enjoy competitive rates of normally no more than £150 per company (plus VAT).

Statutory costs.
There are application costs, The statutory costs are no more than £200 per block,

Under the 2024 act revision ,the landlord is no longer entitled to claim reasonable expense in dealing with your claim.

The exclusion of landlord’s expenses is a considerable saving and should stop them making spurious objections when deciding whether to contest the application or not. In nearly all cases where the application is properly prepared and the leaseholders satisfy the qualification requirements the landlord has no grounds for objection and they generally accept the application. However, if they do object and take matters to another level, their expenses can grow. We can generally tell if the landlord will object and inform our clients at an early stage.

On-going management costs that represent good value for money

If requested, we and our associated company JP Elliott will quote for the on-going management of each property. Our fees will depend on the size and amount of work likely to be involved. We charge a little more in the first few weeks to deal with the handover and if a whole new service charge regime needs to be created. In most cases, we are able to find savings that far outweigh this additional expense. As a general guide we are able to match the existing agent’s fee but, if we are more expensive, the other savings we are able to find usually means that the total service charge is unlikely to increase. Also because we are answerable to you, you can be assured that the level of service you will receive will be better value for money.