Right To Manage leaves property firm with growing management portfolio
Summary
Horizon Management has taken on the management of 347 homes in Sheffield and Merseyside after leaseholders exercised their statutory Right to Manage. The article highlights the firm’s role in both running the RTM process and preparing the operational handover, alongside wider pressure on leaseholders from rising service charges and recent RTM reforms.
Why it matters
Residential property surveyors may encounter more RTM-led transitions, particularly in mixed-use and leasehold blocks where statutory processes and handovers need careful management. The article also reflects the growing compliance and operational complexity around service charges, building insurance, contractor arrangements and TUPE during management changes.
Key points
- Horizon Management secured RTM for 168 apartments at Millsands in Sheffield and 179 apartments at East Float Quay in Birkenhead.
- The firm handled statutory RTM steps, including company formation, notices and claim progression.
- Management transition work included insurance, contractors, resident communications and TUPE arrangements.
- Service charges in England and Wales have risen sharply, adding pressure on leaseholders.
- Leasehold and Freehold Reform Act 2024 changes have made RTM more accessible for some buildings.
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