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Do you want the opportunity to control how your property is managed and reduce your costs?

 

Right to Manage gives leaseholders the opportunity to take over the management of their property and reduce their outgoings.

 

Freeholders and managing agents are often charging substantial sums on various outgoings and especially insurance.  Leaseholders who manage their own building can make substantial savings from freeholders and managing agents as these people often receive commissions.

 

Right to Manage as your legal right!

 

Parliament passed legislation to help owners like yourself to have the Right to Manage your property without having to prove fault by your landlord or management company and to pay any compensation.

 

Why claim your Right to Manage?

 

If you live in a block of flats and do not have any say in who runs the block then you can benefit from the Right to Manage process.  The right is available to flat owners, in all blocks, where they fulfil the following criteria:-

 

If your block fulfils this criteria then it is highly likely that you will be able to go through the Right to Manage process.  There are certain legalities that you need to go through and please see our article on this.

 

There is no need to prove mismanagement by the landlord or current managing agent to implement the right.  It just means that you will be taking over the management functions and dealing with items such as:-

  1. Repairs, redecoration and maintenance of the structure of the building and common parts.
  2. Services such as lighting, cleaning and gardening.
  3. Collection of service charge and accounting
  4. Complying with statutory requirements relating to the management
  5. The day to day running and management of the block
  6. Insuring your building

 

How can we help?

 

We have been working lessees to reduce their outgoings for insurance.  We contributed towards the Law Commissions reports on the Right to Manage process.

 

Examples of cost savings for RTM companies

 

PROPERTY 1

Freeholders Insurance/ Managing Agents – Premium £5,814 Comprising of 9 Leasehold Flats

iInsure365 – Premium £3,106 – no compromising on the level of cover Massive saving for the client – £2,707

 

PROPERTY 2

Discovered that sum insured was incorrect

Potentially risking any claim being paid out at a substantially reduce amount Average pay out would have been applied l

There was a risk of the claim not being paid at all

The sum insured was reviewed with our low cost service which resulted in an increase from £850,000 to £1,200,000

iInsure365 – Premium £1,665.19

 

PROPERTY 3

Grade 2 listed building

Landlord has major block policy on various sites Comprising of 69 Flats

Directors and Officers now included and Terrorism added for client Landlord Premium £21,646

Our premium – matched but included Directors and Officers cover

 

Don’t hesitate to call us on (01273) 827090 as we have an extensive knowledge of the process of Right to Manage and how lessees can not only reduce their premiums but ensure that the amount of the reductions sometimes pay for the whole of the process itself!

 

iInsure365 Brochure for Right to Manage and Enfranchisement clients

 

Read our customer reviews on how we have already helped them save on their building insurance premiums.

‘Always a really good experience renewing my insurance with iInsure365. They contact me well ahead of time and hunt down the best rates. Great, friendly and professional service!’

Charlotte Rutherford

‘Fast, friendly insurance at a very competitive price. 100% recommend!’

Edward Makgill

‘A great company to deal with. I contacted them and provided my details and in less than ten minutes, I received with a competitive quote for Landlord House Insurance and copy of the certificate.

I would highly recommend this company.’

Andrea Snape

‘Very helpful service with quick replies and great staff.’

Elspeth Hornby

We have exclusive insurance products for the ownership types described above. Request a call back to speak to a member of the team.