RSH & CP Company Ltd
are the freeholders of the site. This Company was formed by the leaseholders of 56 of the 58 apartments in Royal Standard House and City Point in 2007 and these leaseholders are all members of the Company by virtue of their ownership of the leasehold.
The Company is registered at Companies House and carries out all the statutory duties of a freehold company. It is a company limited by guarantee, not having a share capital. The members of the company are entitled to attend company meetings, vote on proposals and elect Directors of the company. Both the landlord and leaseholders have legal rights and obligations, which are clearly laid down in the lease.
What does the Company do?
The Company appoints the Managing Agents to collect the quarterly service charge and manage the Buildings and Estate.
The Company Board meets up to 6 times a year to agree budgets and expenditure and ensure maintenance is being completed. Improvements are also agreed and overseen by the Board.
The Company also ensures that all leaseholders abide by the terms of their lease.
It's important to note that the Company works on behalf of all leaseholders and not just a few.