SELF MANAGING RMCs
– Very often, self-managing leaseholders may not be fully aware of health and safety issues, especially with regards to fire risk assessment and other legislative matters.
– There may be over-reliance on an individual leaseholder to carry out the lion’s share of administrative duties associated with both the running of the company and building maintenance.
– Difficulties in communicating with absentee leaseholders may arise.
– It can feel awkward pursuing late service charge payments from immediate neighbours.
– Progressing external works programmes or ensuring that all Section 20 consultation procedures are followed may be daunting.
– Responding to solicitors’ formal enquiries relating to sales or re-mortgages, where legal accuracy is so important, is frequently stressful.