Right to Manage a Leasehold
As a leaseholder in a block of flats, there could be many reasons for wanting to take responsibility for the management of your block. Perhaps you would like more control over the level of service charges, wish to appoint your own choice of managing agent, or want to select your own insurance policy for the block.
Under Right to Manage (RTM) legislation, you and your neighbours may have the right to take over management of your property. You do not need the consent of your landlord/freeholder, nor do you need to prove negligence on their part of your current managing agent.
There are rules in place defining who is entitled to exercise Right to Manage. This entitlement depends upon the length of your lease, how many of your neighbours want to participate and the type of property you live in. If you are successful, we can help you set up a new company to manage your building. You and your neighbours would run the company, and you would make decisions together on how your property is managed.
Once your company is in place, you can dismiss your current managing agents and either appoint an alternative agency, or self-manage. We can act on your behalf to:
- Check your eligibility
- Form the RTM Company
- Serve the Invitation Notices and the Notice of Claim
- Negotiate the claim with the Landlord
- Apply to the Leasehold Valuation Tribunal
- Act as Company Secretary if necessary
We would be happy to provide you with more information and answer any questions you may have. For further information please contact a member of our Conveyancing team.