LKP has learned that the Right To Manage Federation has achieved its 28th leasehold RTM success in central London on the same day that it fights to free a Plymouth retirement development in the Land Tribunal.
After an inexplicable – and scandalous – hold-up of 14 months, the right to manage at Regent Court finally comes before the Land Tribunal, where freeholder Israel Moskovitz and business associate and managing agent Joseph Gurvits are determined to fight the issue all the way.
Several of the original leasehold pensioners at Regent Court who petitioned for RTM have since died.
But morale of the RTMF team, headed by founder Dudley Joiner – a former Campaign against retirement leasehold exploitation activist – will have received a boost having just won RTM at Riverside Plaza, in Battersea. It was a Peverel-controlled site and marks yet another prime London leasehold casualty for the troubled property management giant.
Riverside Plaza is slightly unusual in that the leasehold residents at Plaza jointly hold a freehold interest, but are tied to a tripartite lease agreement with OM Limited.
OM Limited has in turn instructed OM Property Management Limited, a Peverel Company, to manage the development. The only way the leaseholders could gain control over management of their property – and transparency over costs – was to exercise RTM.
Riverside Plaza has 80 apartments in two separate buildings, Mendip Court and Sherwood Court. The legitimacy of the claim for RTM was unchallenged.
Riverside Plaza RTM Company Limited has now appointed Ringley Group to take over management with effect from the acquisition date in July 2013.
RTMF’s Nick Bignell commented, “I am delighted to have worked with the leasehold residents at Riverside Plaza successfully to secure them the Right to Manage. We were only instructed back in January as a result of a recommendation from leasehold residents at Metro Central Heights, which makes it even more pleasing.”
Assisted by RTMF, Metro Central Heights, a prestigious 422 leasehold apartment development in Elephant and Castle, was the biggest single RTM case the UK has ever seen.
To date, RTMF has assisted in excess of 3,800 leasehold residents.