Right to Manage
The right of tenants to manage their block of leasehold properties was created by The Commonhold & Leasehold Reform Act 2002.
It is a very useful way to take over from the landlord the landlord’s managerial responsibilities the most significant of which are the maintenance and repair of the building. Often by doing this the tenants can save maintenance costs and ensure that works are performed to a satisfactory standard. If the task is daunting then the tenants can instruct managing agents to handle this work.
There is nothing to pay the landlord and the landlord’s ability to object to a right to manage claim is severely restricted, so long as the qualifying criteria are met the claim should be successful.
In contrast to collective enfranchisement the tenants will not be able to grant themselves new leases and they will continue to pay ground rent to the freeholder.
If you are interested in taking over the landlord’s managerial responsibilities please contact one of our team. Further information is contained in the guide Collective Rights of Leaseholders
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