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How to Change Managing Agents

Changing managing agents can feel like a significant step for any residential building.

However, when service levels fall short or communication breaks down, many Resident Management Companies and RTM companies decide that a new approach is needed. The good news is that the process is usually far more straightforward than many directors expect.

Common Reasons Buildings Change Managing Agents

Many of the buildings we take on approach us because they are experiencing:

  • Slow or unresponsive communication
  • Rising service charges without clear explanation
  • Maintenance issues not being addressed
  • Poor financial reporting
  • Lack of compliance oversight
  • Difficulty contacting their property manager

If these issues sound familiar, your building is certainly not alone.

Is It Difficult to Change Managing Agents?

In most cases, changing managing agents is a straightforward process. The key steps typically involve:

  • Reviewing the existing management agreement
  • Providing notice to the current managing agent
  • Appointing a new managing agent
  • Completing the handover of documentation, finances and contracts

A good managing agent will guide the directors through the process and ensure the transition is smooth and properly managed.

How We Support Buildings Through the Transition

We regularly assist Resident Management Companies and RTM companies who are considering a change of managing agent.
Our onboarding process includes:

  • Reviewing the existing management structure
  • Managing the handover from the previous agent
  • Assessing contractor arrangements and compliance records
  • Ensuring continuity of service for residents
  • The aim is to stabilise management quickly and establish clear oversight of the building.
  • Difficulty contacting their property manager

If Your Building Is Considering A Change Of Managing Agent, We Would Be Happy To Discuss The Situation Confidentially And Explain How The Process Works.

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