If you are a Director of a Residents’ Management Company (RMC) or Right to Manage Company (RTM), or thinking of becoming a Director, this course is for you.
RMCs/RTMs are companies which own and run blocks of flats. Each flat owner is typically a member or shareholder in the RMC and members are appointed from amongst their number to become Directors. The RMCs are then run by these Directors.
The duties of the company towards each Leaseholder are set out in the Leases for each flat. There is a mix of contractual duties, such as repairs, maintenance, insurance, and service charge accounting, and statutory duties, including setting reasonable levels of service charges and consulting on major works.
The aim of this course is to help you understand the different elements involved in being a Director and develop how you carry out the role.
