Changing To A Better Managing Agent Does Not Need to Be a Daunting Process
We’ve helped many clients change managing agent to Realty and we’re used to dealing with even the most awkward of situations. If you’re thinking of a change, the first step is to talk to us for some informal advice.
Once we understand the legal framework and nature of your development, then we can advise on the best way to change agents most efficiently. Sometimes you have the power to effect change easily and sometimes it takes a more formal process.
If you have a tri-partite lease (three named parties to the lease: the Freeholder, Residents Management Company, and each Leaseholder) then the Directors of the Residents Management Company (RMC) are likely to have the power to appoint a new agent. If this is the case then you can propose a change to the current Directors of the RMC or become appointed as a Director yourself and then implement change. To find out more about becoming an RMC Director, click here.
If you have a two-party lease (two named parties, usually the Freeholder and each Leaseholder) then the Freeholder is in control of appointing the managing agent. In this instance the first step would be to try and get the Freeholder to change agents for you.
Sometimes for a variety of reasons this may not be an option, however there are alternative solutions.
Please Click the links below to find out more:
Buy the freehold (usually collectively under enfranchisement)
Other more complex and less commonly occurring legal frameworks under which properties are demised do also exist and we are always happy to offer advice on an individual basis. We have good relationships with a number of Developers and Freeholders and are always pleased to get involved to try and effect change with the minimal of upheaval.
We can assist and guide you through any of the aforementioned processes or put you in touch with specialist professionals who can undertake the process for you.
What Next?
Then it’s time to reach out to Realty.
Realty are regularly asked to tender for the management of buildings and estates, and each Client is unique in their approach. Therefore our tender process is bespoke to fit your needs. Whether that is an informal chat; an opportunity to visit and to prepare a management proposal based on our experience and recommendations; responding to specific tender questions; or a more formal interview, we can be flexible to ensure you receive the information and reassurances you need to make an informed choice.
When Clients are happy to proceed, we then ensure that the handover process is as seamless as possible, so that there is minimal disruption to the day to day running of the development. We will liaise directly with the outgoing agent to obtain all the required handover information, and onboard our Clients in advance of the handover date, introduce them to their teams, and prepare short term and long terms action plans so that we can hit the ground running from day one of our appointment.
Communication is an important part of our service, and we will look to implement communication methods, with our Clients approval, that will engage residents in the management of their building, and encourage positive change.
