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Whether it’s a residential block, commercial building, or mixed-use development, the true goal is to protect and grow the long-term value of your asset. Yet too many property owners, managing agents and investors fall into a reactive approach and only address issues when they become urgent and therefore, likely more expensive.
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If you live in a leasehold property, you’ll be familiar with service charges. But one of the most common questions leaseholders ask is simple: where does the money actually go?
Service charges are there to cover the day-to-day running and long-term upkeep of a building. When managed properly, they protect the condition of the property and help avoid larger, unexpected costs in the future.
Here’s a breakdown of where service charge fees typically go.
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What’s the Difference Between an RTM and an RMC?
If you own a leasehold property, you may have heard the terms RTM and RMC, often used interchangeably, but they are not the same.
Understanding the difference is important if you’re involved in managing a block or considering taking control from a freeholder.
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The Renters’ Rights timeline outlines when key reforms will take effect and helps landlords prepare for phased changes between 2025 and 2028, including the end of Section 21, new tenancy rules, stronger enforcement powers, and the introduction of the PRS database and Ombudsman.
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