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Features FEATURED BLOCKS RTM


flats being sold as buy to let properties we probably only had around 300 leaseholders actually living on site and almost 700 living elsewhere. We had no choice but to go to all the letting agents in Cardiff, manually searching for each individual. We then had to get them to agree to go down the RTM route”. Having overcome this hurdle, Warwick's problems were far from over as the RTM legislation at the time wasn't clear as to whether one RTM company could run several blocks. This meant three separate RTM companies had to be formed in order to make the claim. The case went back and forth as


Justin Bates, the barrister for the landlord, argued for individual RTM companies for each of Century Wharf's individual blocks. Ultimately, after an Upper Tribunal decision it was ruled that one RTM company could manage multiple buildings and RTM for the whole development was acquired on 8 August 2014.


The potential benefits of RTM for residents are clear. Flat owners now have responsibility for appointing their own managers and have full control of budgeting, choosing insurance providers and maintenance contractors and


planning for major works programmes. If Warwick Estates turn out not to be as good as they claim, changing managing agents is now easier to accomplish.


So what has been achieved since residents took control at Century Wharf? “It has only been six months since RTM was acquired at Century Wharf,” says Uyi, “but already we have added a state of the art new gym for residents at the development and introduced the fastest fibre-optic broadband and at the same time reduced residents' annual budget by £200,000.”


Richard Rogers designed the spectacular Senedd building at Cardiff Bay which is home to the Welsh Assembly 42 Issue 20


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