link to ringley website
  • Home
  • About Us
    About us & leadership Awards Savings for Clients Case Studies Green Management Strategies Market Overview Leasehold Reform Campaign Money Back Guarantee
  • Our Services
    • Asset Management
      • UK Asset Management
      • Project Monitoring
      • ESG Consultancy & Implementation
      • PropTech & Living Sectors Platform
      • Marketing Insights
      • Resident Journey
      • Stabilised Assets
      • UK Build to Rent
      • UK Later Living
      • UK Co-Living
      • UK Student Accommodation
      • UK Single Family Housing
    • Block Management
      • Overview - London
      • Overview - Wales & West
      • Overview - Southwest
      • Right to Manage
      • Freehold Management
      • Resident Management
      • Estates of Houses
      • Ground Rent Collection
      • How to change agent?
      • Block Management Services
      • Can't afford an agent?
      • Legal & Tribunals
      • Top 10 Tips
      • Report an incident
    • Commercial Management
    • Law
      • Overview
      • Meet The Team
      • Recommendations
      • Right to Manage
      • Lease Extensions
      • Freehold Purchase
      • Absentee Freeholder
      • Court Appointed Manager
      • Conveyancing - Wales
      • Conveyancing - England
      • Service Charge/Rent Arrears Recovery
      • Company Secretary
    • Property Valuations
      • Overview
      • Loan Security
      • Company Accounts
      • Lease Extensions
      • Freehold Purchase
      • Rent Reviews
      • Ground Rent Investment
      • Development Valuations
      • Expert Witness & Litigation
      • Tax, Trusts & Accounts Valuations
      • Trading Business
      • Compulsory Purchase
      • Residential Valuations
    • Engineering
      • Overview
      • EWS1 Consultancy
      • Asbestos
      • Contract Administration
      • Fire Assesment
      • Homebuyer Survey
      • Building Survey
      • Schedules
      • Party Wall Matters
      • Principle Designer
      • Disability Access Audits
      • Small Building Works
      • Fire Door Inspection
      • Insurance Valuations
    • Property Accounting
      • Finance
      • Quote For Service Charge Accounts?
      • Property Accounting Law
      • Accounting Updates
      • To Audit or Not?
    • Plant & Facilities Management
      • Plant & Facilities Management
      • Fire Door Inspection APP
      • Fire Safety Update
    • Site Staffing Solutions
      • Ringley Integrated Site Staff Solutions
    • Leasehold Guidance
      • Overview
      • Right to Manage
      • Purchasing The Freehold
      • Court Appointed Manager
      • Absentee Freeholder
  • Insights
    Asset Management Articles Block Management Blogs Publications BTR Rental Market Blogs Customer Insights FAQ - Ask Our Experts Insurance Calculator
  • ESG
  • E-books
  • Get In Touch
  •    
  • Work with us
  •  
  • Portal Login
Why use a managing agent? Because we're worth it!

Written by: Mary-Anne Bowring 02/09/2020
  1100       0
Responsive image

Why the Cost of Managing Agents is Often Questioned

  • Many leaseholders wonder whether employing a managing agent is worth the cost, especially since efficient management often goes unnoticed. However, managing agents provide essential services that keep buildings in top condition, ensuring leaseholders get value for their investment.

The Right to Manage: Taking Control of Your Block

  • Under the Commonhold and Leasehold Reform Act 2002, if over 50% of leaseholders are dissatisfied with their management, they can legally form a Right to Manage Company (RTMCo). This allows them to take control of their building’s management, either self-managing or appointing a new managing agent.

Challenges of Self-Managing a Block

  • While self-management may seem like a cost-saving move, it comes with significant responsibilities. Managing a block requires knowledge of leasehold law, maintenance planning, servicechargesorted.co.uk/blogs/digital-solution-can-improve-the-whole-process-by-making-it-faster-and-more-transparent'>service charge collection, and dispute resolution—tasks that professional property managers train for years to handle effectively.

Legal and Compliance Responsibilities of RTMCo Directors

  • RTMCo directors must navigate complex legal obligations, including ensuring proper maintenance, adhering to fire and health & safety regulations, arranging building insurance, and fulfilling company law requirements. Failure to comply can lead to personal liability and financial risks.
Why Right to Manage Works for Some Blocks
  • In cases where landlords are disengaged, Right to Manage can empower leaseholders to take charge of their block’s maintenance and finances. Whether self-managing or hiring a new agent, leaseholders gain control over decision-making, potentially improving the block’s upkeep.

How Ringley Can Help with Right to Manage
  • For those considering Right to Manage, Ringley offers dedicated enfranchisement specialists to guide leaseholders through the process. Their expertise ensures a smooth transition and ongoing support to help leaseholders make informed decisions.



Property Management Block Management
POPULAR POSTS

Solar panels on flats - what you need to know

Is noise getting you down?

Ground Rent: Fines for Landlords Who Charge Ground Rent

High Court: Right to Rent does breach human rights

Landlords beware - Don't believe everything you read!

RECENT POSTS

New Government Reforms Aim to Cut Red Tape and Revive the UK’s Nightlife and Hospitality Sector

Will AI help improve the UK's flood resilience?

The UK Government Takes Decisive Steps to Meet Its Target of Delivering 1.5 Million Homes

UK Leasehold Reform: Moving Towards Commonhold Ownership

Government to Introduce Single Construction Regulator by 2028 in Response to Grenfell Inquiry



Blogs related:

ASSET MANAGEMENT
Why Are Blocks Measured, and Why Are These Surveys Important
Measuring blocks is a crucial process conducted in the UK for accurately documenting buildings or sites through detailed drawings, including floor plans, elevations, and section drawings. An architect, designer, or a dedicated survey company, especially for complex projects, carries out this survey. The primary objective is to obtain precise measurements, which are then used to create accurate drawings.The level of detail in surveying a block ...

Read


ASSET MANAGEMENT
All I want for Christmas... is more cash for cladding
Leaseholders facing big remediation bills for cladding on their blocks could be set for a happier Christmas than expected, following speculation in the press last week that the Government may finally be about to take action to help them.Sources described as “close to the Government” have apparently been spilling the beans, telling journalists that Housing Secretary Michael Gove is poised to make an announcement on funding cladding repairs.The...

Read


ASSET MANAGEMENT
New flood risk could devalue UK properties by more than 20 billion
UK homes may be overvalued by more than £20 billion due to flood risk, with potential asset losses looming. The end of the Flood Re scheme in 2039 is a growing concern, as it could make affordable flood insurance inaccessible for high-risk households. A BBC News report suggests that, depending on post-scheme insurability levels, total losses could surge to around £60 billion by 2050.

Read


Meet our Expert Property Commentators

Mary-Anne Bowring FTPI FRICS FARLA FCABE Founder/Head of Asset Management

Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership

Ian Barber MD BTR Mobilisation & Leasing

Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!

Jon Curtis MRICS Head of Building Engineering

Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.

Kate Robinson MTPI MD Blocks/FM Management (London Region)

Master plan setup, ops and staffing and resident engagement. ISO45001 champion.

Lee Harle Partner Ringley Law

Plot conveyancing. Debt litigation. Group Company Secretary.

Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)

Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.

Chris Georgalis MRICS Head of Commercial Valuation

Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews

Nichola Pughe MRICS Head of Residential Valuation

Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist

Natalie Birmingham Helpdesk Support Manager

Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.

Steve Norman Planning Director

Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.


inshights shared - link to planetrent blogs

Landlord blog
Read landlord blog
inshights shared - link to ringley blogs

Property blogs
Read property blogs
inshights shared - link to ringley articles

Property articles
Read property articles
inshights shared - link to ringley ebooks

E-books
Read E-books

link to ringley social media facebook link to ringley social media instagram link to ringley social media linkedin link to ringley social media x-twitter
link to ringley social media x-twitter for small device
link to ringley social media linkedin for small device
link to ringley social media instagram for small device
link to ringley social media facebook for small device
  • Ringley Group
  • About us
  • CSR / ESG
  • BusyLiving
  • PlanetRent
  • Talk to us
  • Careers
  • Ask a Question
  • Insights
  • Articles
  • Blogs
  • Subscribe
  • BTR & PRS Buildings
  • What we do
  • Asset Management
  • Block Management
  • Facilities Management
  • Property Law
  • Surveying / Valuation
  • Building Engineering
  • Financial Services
  • Managing Agents
  • Block Management Locations
  • Co-working
  • Renting & Letting
  • Right to Manage
  • Contractor Management
  • Space to Work
  • Fees and Client Money Protections
  • Email: solutions@ringley.co.uk

  • Emergency line 1: 0207 428 2056

  • Emergency line 2: 0207 267 2900

  • Report an incident
  • Our Offices
  • London
  • Ringley House
  • 1 Castle Road
  • London
  • NW1 8PR
  • T: 0207 267 2900
  • London
  • Ringley House
  • 47 Rochester Place
  • London
  • NW1 9JL
  • Manchester
  • 11 Swan Street
  • Northern Quarter
  • Manchester
  • M4 5JJ
  • T: 0330 174 7777
  • Cardiff
  • 122 West Bute Street
  • Cardiff Bay
  • Cardiff
  • CF10 5LJ
  • T: 0330 174 7747
Privacy Policy
Ringley Staff Dashboard
link to ifsm website link to tpi website link to tpos website link to rics website link to ukgbc website link to government security industry authority website link to alep website

All content © copyright 2025. Ringley Limited. All Rights reserved. Ringley Limited, incorporated and registered in England and wales. Registered office: Ringley House, 1 Castle Road, London, NW1 8PR. Company No. 03302438
Terms of use | Privacy Policy | Modern slavery act | COVID-19 risk assessment