A female-led block management specialist has launched a Right to Manage service, helping leaseholders take control of buildings and reduce service charges.
So far LRPM has supported 12 blocks, housing 700 homes, across London and East Anglia in establishing RTM companies in the past year.
Right to Manage gives leaseholders the legal right to take over management responsibilities from their freeholder without having to prove mismanagement or pay compensation.
LRPM says it guides residents through the legal process, from initial consultation through to tribunal representation and transition management.
Managing director Letitia Randell says:“Many leaseholders feel trapped in poorly managed properties with spiralling costs and little control. Our RTM service empowers residents to take back control of their buildings and create the living environment they deserve.
“By combining our technical expertise in property management with clear guidance through the legal process, we’re removing the barriers that prevent many leaseholders from exercising their statutory rights.
“Unlike many in our industry, we believe in complete transparency. That means no hidden fees, no kickbacks from contractors, and a firm commitment to acting in the best interests of our clients.”
Founded in 2018, LRPM now manages more than 2,000 units across 95 properties, with a 95% client retention rate. It claims to have seen 30% growth in London over the past year.