How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • Go back-and-forth until satisfied
    Rate the answer you receive.
Ask Jeremy Aldermartin Your Own Question
Jeremy Aldermartin
Jeremy Aldermartin, Solicitor
Category: Property Law
Satisfied Customers: 10306
Experience:  Dual qualified Solicitor and Attorney
65242892
Type Your Property Law Question Here...
Jeremy Aldermartin is online now

Hullo, I am a director of a small RTM - there are three

This answer was rated:

Hullo, I am a director of a small RTM - there are three flats and each leaseholder is a Director. Two of us wish to dissolve the RTM as the relationship with the third director has irretrievably broken down. Are we able to do this?
JA: Where are you? It matters because laws vary by location.
Customer: London
JA: What steps have you taken so far?
Customer: None, seeking advice
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: i dont think so

Hi thank you for your message, please note that I will look to provide an accurate but nevertheless speedy reply to your inquiry. I am sorry to hear about your situation but I will endeavour to help you today.

Customer: replied 7 days ago.
Thankyou
Customer: replied 7 days ago.
thank you Jeremy

The document governing the RTM is the articles of association so you would need to check that. However, if each flat also has one share in the RTM then yes they can vote to dissolve the RTM assuming the standard articles of association have been used. I trust this assists

Customer: replied 7 days ago.
each flat has one share. so if two vote to dissolve it, does it carry the vote, i.e. majority rules?
Customer: replied 7 days ago.
each flat has one share. so if two vote to dissolve it, does it carry the vote, i.e. majority rules?

Yes majority rules. I trust this assists

Jeremy Aldermartin and 3 other Property Law Specialists are ready to help you