If you are considering forming a rights to manage (RTM) company, you may be wondering whether you need a solicitor to help you. It is not a legal requirement to have a solicitor, however, many people find it helpful to have expert advice on hand. In this blog post, we will discuss the benefits of using a solicitor for your RTM and provide some tips on how to choose the right one for you.
Why Use a Solicitor for Your RTM?
A solicitor can help you navigate the complex legal landscape surrounding leasehold property management and the legal requirements and implications of forming an RTM company.
A solicitor will ensure that your interests are fully protected and will put you on an equal footing with your freeholder.
Choosing the Right Solicitor
When it comes to choosing a solicitor for your RTM, there are several factors to consider:
Look for a Solicitor Who Specialises in RTM
Look for a solicitor who has experience in this area and has a good track record of working with RTM companies. They should have a deep understanding of the legal framework surrounding RTMs, as well as the practical challenges involved in forming and running an RTM company.
Check Their Credentials
Make sure that any solicitor you are considering is a member of a recognised professional body such as the Law Society or the Solicitors Regulation Authority. This will give you peace of mind that they are qualified and regulated professionals. It is also worth checking whether they have any relevant accreditations or specialisms, such as a qualification in property law or experience in litigation.
Consider Their Location
While it is not essential to choose a solicitor who is based near you, it can be helpful. A local solicitor will be familiar with the local property market and will be able to provide you with more personalised advice. They may also have established relationships with other professionals in the property sector, such as surveyors or property managers.
Check Their Fees
Before you engage a solicitor, make sure that you are clear on their fees. Most will charge a fixed fee for their services, but it is important to check what is included in this fee and whether there are any additional charges. Some may offer a free initial consultation, which can be a useful opportunity to discuss your needs and get a sense of their approach.
Read Reviews and Testimonials
One of the best ways to find a good solicitor is to read reviews and testimonials from other clients. This will give you an idea of their level of expertise and the quality of their service. You can check online review sites such as Trustpilot or Google Reviews, or ask for references from the solicitor themselves.
Conclusion
While it is not a legal requirement to have a solicitor for your RTM, many people find it helpful to have expert advice on hand. When choosing a solicitor, look for one who specialises in RTM, has the right credentials, and is transparent about their fees. Take the time to find a solicitor who you feel comfortable working with and who you believe will provide you with the best possible advice and support throughout the process.
Further reading
If you want to find out more, here are some useful links (please note some of these links include solicitors who may be able to help but are in no way endorsed by freeholder.app):
- https://www.moneyhelper.org.uk/en/homes/buying-a-home/find-the-right-solicitor-or-conveyancer
- https://www.samuels-solicitors.net/right-to-manage.html
- https://www.bishopslaw.co.uk/conveyancing/right-to-manage-solicitors/
- https://www.coles-miller.co.uk/residential-leasehold/property-management-solicitors.html
- https://www.roselegal.co.uk/lease-extension-freehold-acquisition/right-to-manage/
- https://www.bradysolicitors.com/taking-back-control/right-to-manage/