For RTM & RMC directors

Your names are on the company. We keep it in good order.

New to it or years in, the responsibility sits with your board. We take the weight off: the building or estate, the money and, if you want, the company paperwork.

Member of Property Redress
Membership No. PRS056648
Read on

RTM and RMC directors

What your board takes on.

The company carries the responsibility for the building or estate, and the company is your board.

Company law

Accounts, a confirmation statement, statutory registers and an AGM are due every year, filed at Companies House, and the company answers if they are missed.

We can run the company side too: filings diarised, registers kept and papers ready before every meeting, agreed with you at the start.

Money that isn’t yours

Service charge is held on trust for the leaseholders. Demands have to be in the right legal form, or the money is not yet due.

Designated client accounts, demands with the statutory summaries, and every invoice authorised before it is paid.

Safety

Fire risk assessments, asbestos, water hygiene, insurance, and on an estate the trees, play areas and shared roads. If something is missed, it is the company that answers for it.

Every check diarised from day one, every action tracked until it is closed, and a Precedent director overseeing all of it.

Your neighbours

Chasing arrears, handling complaints and saying no to the people you live next to.

We do it, consistently and in writing, so it is never personal and every resident is treated the same.

Major works

Get Section 20 consultation wrong and the building may recover only £250 from each leaseholder towards the works.

We run the consultation stage by stage, quoted per unit, per notice, and agreed with you before it starts.

Your time

Your directors have jobs and families. The development needs attention every week, not just at the AGM.

A Precedent director who knows your development, and reports on finance, works and compliance on the dates you choose.

What are the company law duties of RTM and RMC directors?

Accounts, a confirmation statement, statutory registers and an AGM are due every year, filed at Companies House, and the company answers if they are missed.

We can run the company side too: filings diarised, registers kept and papers ready before every meeting, agreed with you at the start.

How must service charge money be handled?

Service charge is held on trust for the leaseholders. Demands have to be in the right legal form, or the money is not yet due.

Designated client accounts, demands with the statutory summaries, and every invoice authorised before it is paid.

Who is responsible for fire safety in a block of flats run by an RTM or RMC?

Fire risk assessments, asbestos, water hygiene, insurance, and on an estate the trees, play areas and shared roads. If something is missed, it is the company that answers for it.

Every check diarised from day one, every action tracked until it is closed, and a Precedent director overseeing all of it.

Do directors have to chase their neighbours for arrears?

Chasing arrears, handling complaints and saying no to the people you live next to.

We do it, consistently and in writing, so it is never personal and every resident is treated the same.

What happens if Section 20 consultation goes wrong?

Get Section 20 consultation wrong and the building may recover only £250 from each leaseholder towards the works.

We run the consultation stage by stage, quoted per unit, per notice, and agreed with you before it starts.

How much time does running an RTM or RMC take?

Your directors have jobs and families. The development needs attention every week, not just at the AGM.

A Precedent director who knows your development, and reports on finance, works and compliance on the dates you choose.

Peace of mind

Your board stays in charge.

You set the priorities and approve the spending. We do the work, keep client money apart from our own, and answer to an independent redress scheme.

Property RedressMembership No. PRS056648 ICO registeredZC080505 Client moneyHeld in designated client accounts

Your first 90 days

Settled, then reported.

The steps are the same whichever stage you are at. If your company has not taken over yet, we can help you prepare, so the building is in hand from the first day.

  1. A conversation

    We meet your directors, understand the development and what you need from us.

  2. A written proposal

    One proposal and one fee, based on a review of your leases. Nothing assumed, no packages.

  3. Records in order

    We gather the records, accounts and contracts, set up your client account and diarise every date.

  4. Your 90-day health report

    Finances, compliance, maintenance and governance, walked through with your directors so everyone agrees the priorities.

    An extract looks like this →

Development Health ReportIllustrative extract · page 2 of 14
Example Court RMC Ltd · 24 unitsPeriod to 30 Sept · Year to date
82OF 100
Finances88
Compliance91
Maintenance72
Governance80

Service charge, year to date

Budget headingAnnualYTD budgetYTD actualVariance
Communal cleaning£6,240£3,120£3,010−£110
Grounds maintenance£4,800£2,400£2,655+£255
Buildings insurance£9,350£9,350£9,350£0
Repairs & maintenance£5,000£2,500£1,980−£520
Total£25,390£17,370£16,995−£375

Reserve fund & arrears

Reserve balance £48,200
Arrears 2 units · £1,140

Compliance, next due

Fire risk assessment Mar 2027
Communal EICR Jan 2028
Insurance renewal Dec 2026
Open actions 2 in hand
Grounds overspend: extra autumn clearance, approved by directors.Prepared by your Precedent director

Talk to us before you appoint anyone.

Tell us about your building or estate, and we will come back with a written proposal. With no showroom head office to pay for, and meetings on site, our fee may surprise you. There is no obligation.

Not looking for a managing agent?Occasional help, when you need it: advice, company secretarial work, accounts support or a single Section 20 consultation, without full management. Quotations are available on request.

See more about consultancy

Precedent Estate Management is a limited company, registered in England and Wales, Company No. 16969312. Registered office: 61 Bridge Street, Kington, United Kingdom, HR5 3DJ.

Property Redress Scheme Membership No. PRS056648