The Commonhold & Leasehold Reform Act 2002 allows disgruntled leaseholders to form their own Management Company, thus removing the Managing Agent currently managing the block allowing for more control over the running of the property. There is no requirement to prove fault with the current Landlord or Managing Agent.
Why take your right to manage?
If you live in a block of flats and do not have a say in how your property is run then you may benefit from the Right to Manage Process. The Right to Manage may also be beneficial with a reduction in services charges and a superior value for money service.
The right is available to all flat-owners, in all blocks, where they fulfil the following criteria:
- At least 50% of the flat-owners within the physical block of flats must want to go through the process.
- At least 2/3rds of the flat-owners within the physical block must have long leases (21 years at the time of issue).
- No more than 25% of the block may be used for non-residential use (excludes car parks and common areas connected with the flats).
If your block fulfils these criteria then it is likely you will be able to go through the Right To Manage process with 100% success.There are a number of technical legalities which can prevent some blocks proceeding through the Right to Manage process and you should discuss with our team beforehand whether to progress your claim and the timing of any claim.
The process can be difficult to complete without specialist assistance, it is vital a Managing Agent with experience of Right to Manage are appointed to guide leaseholders through the process utilsing the services of our reccomended solicitors.
Inspired can assist you from start to finish whilst guaranteeing the lowest rates possible.
Please contact us to discuss how we can help you get control of your building today.