Sebright Property Management Limited

Sebright Property Management can oversee the RTM process for you, making it completely hassle free.

We can take care of everything.

Under the Commonhold and Leasehold Reform Act 2002 leaseholders have the Right To Manage their own building and finances. Leaseholders can form a company, the Right To Manage Company, to forcibly take the management responsibilities from their landlord.

Having the Right To Manage puts you in control: you can appoint your own property manager and instruct your own contractors for things like repairs, gardening, painting and so on. You can manage all the finances yourself and choose your own buildings insurance. Forming a Right To Manage company often results in a massive reduction in you service charges as you are removing the Freeholder or its representative (both profit making) from the equation.

Sebright offer a comprehensive Freehold and Ground Rent service designed around profit optimisation and proactive asset management.
Ground Rent collection
Monthly income reconciliations
Chasing arrears and legal recovery
Using the best insurance brokers to provide comprehensive cover
Limiting liability
Acting as residential block managers where required
Forming Right To Manage companies to assist with asset management
10 year asset management plans
Assisting with Lease Extensions
Preparing License for Alterations
Actively looking for possible freehold purchases and arranging sales

Sebright are instructed by many local and national home builders. We recommend that we are instructed 3 months prior to the commencing of the sales process in order to prepare the service charge budget, presentation folder and management pack for the development. These can be used assist the sales staff and offer comfort to purchasers that the building is going to be managed professionally and to a high standard.

Our service includes the following:
Pre build completion​ consultation
​Preparation of service charge budgets
Preparation of individually tailored presentation folder and management pack.
Organising buildings insurances
Meeting with new purchasers and building relationships
Forming a residents association or appointing Lessees as Directors of the management company
Liaising with residents on all matters and arranging annual General Meetings
Supplying regular reports to freeholders
Setting up service level agreements and maintenance contracts
Ensuring compliance with Lease covenants
Managing the building and grounds going forward.

A building should be viewed as an asset by the leaseholders that reside within it and contribute towards its maintenance and the services provided.
Most leaseholders will take the view that the economic value of their investment resides within the four walls of their flat, and while not inaccurate, does not represent the full picture.
The full value of a leaseholder’s investment can only be realized within a building that has been effectively managed from a long-term maintenance point of view.
The planning and implementation of a structural and cyclical maintenance program for a building are generally what asset management involves.
This includes ensuring that a building has adequate funding in place to have this done.
Every building should have an up to date Asset Management Plan which will dictate the frequency and costs for projects such as:

Roof replacement
Lift replacement/modernization
Internal and External Redecorations
Boiler replacement
Also known as a Capital Expenditure Plan, a full structural survey will need to be carried out to assess the physical and visual condition of a building and any machinery or equipment that it has.
Items such as garages, basements, parking spaces, and the land the building sits on will also be included and will be considered as the building’s Assets.
This will determine when major repairs or replacements will need to take place as well as providing an estimated cost for each item within the plan.
These schedules can be produced in five or 10-year cycles, however, the most used format is the 10-year cycle also known as a 10-year plan.

This is an essential tool for successful block management and the presence of an operational asset management plan and a Reserve Fund to match, is a strong indicator that a building is being managed well.
Indeed, this is information that potential buyers often ask about as part of the solicitors’ enquiries raised during of the process for buying or selling a flat.
From a Landlord’s perspective, they can take a proactive approach to the maintenance of a building that forms part of their obligations under the terms of a lease.
Similarly, such long-term planning and funding will ensure there are contingencies in place for any other large-scale expenditure that may fall outside of a day to day maintenance budget.
From the Landlord’s perspective, they can budget and plan efficiently, and from a leaseholder’s viewpoint, they know what, and why they are paying towards the fund(s).
It would be difficult to provide an accurate picture of asset management without covering the topic of Reserve or Sinking Funds, as they are directly linked.