A right to manage company can be set up by leaseholder property owners who want to manage their building. This can be done without the agreement of the landlord.
If they are successful the landlord will still own the building but the leaseholders will manage things like:
- collecting and managing the service charge
- upkeep of communal areas (such as communal hallways and stairs)
- upkeep of the structure of the building (such as the roof)
- dealing with complaints about the building from other leaseholders
Qualifying leaseholders can use the right to manage for any reason – they don’t have to prove the building has been badly managed.
There are certain procedures that must be followed to set up a RTM company and Attwells can provide the necessary support and advice.
Block Managment Right to Manage (RTM)
Right to Manage gives the leaseholders the statutory right to take over the management of the apartment block or building from the landlord. This means the leaseholders will own the freehold as a collective group, known as a collective enfranchisement.
If you have recently obtained the Right to Manage, we would recommend you seek legal advice.
A good property law solicitor will be able to outline your responsibilities and offer you practical advice. Equally the Lease Advisory Service offers some good initial advice on this matter.