Right to Manage
The Commonhold and Leasehold Reform Act 2002 provides the right for leaseholders to force a transfer of the landlord’s management functions to a special company set up by them, the Right to Manage Company.
Right to Manage was introduced not just as a means of wresting control from bad landlords, but also to empower leaseholders, who generally hold the majority of value in the property, to take responsibility for the management of their block. The Right to Manage is available to all leaseholders of flats, but is not available for houses.
We have extensive experience in the setting up of companies, and the sequence of notices that must be served on the landlord and lessees in order to qualify for Right to Manage. Leaseholders don't need to prove mismanagement by the landlord, the right is available whether the landlord’s management has been good, bad or indifferent.
The right is exercised by the service of a formal notice on the landlord. After a set period of time the management transfers to the RTM Company which has been set up by the leaseholders. We can carry out the full function of Right to Manage for you.
