New Year legal health check
THB Solicitors urges families to start the New Year with a legal health check...- 20 December 2024
Introduced by the Commonhold and Leasehold Reform Act 2002, Right to Manage gives leaseholders the right to take over the management of their building by setting up a special company known as a right to manage company.
The right to manage is available to leaseholders of flats only and empowers leaseholders to take responsibility for the management of their block.
The consent of the Landlord is not required and the right is exercised by the service of a formal notice on the Landlord. After a set period of time, the management functions transfers to the right to manage company.
Although the process is relatively easy, if mistakes are made the takeover of management may not be successful. There are important issues to consider, such as whether the building is eligible and whether sufficient numbers of leaseholders participate, prior to the service of the notice. Our specialist team have dealt with many right to manage claims and have an in-depth knowledge of the legislation and recent cases. They are able to help you with every step of the process whether you are a Landlord or the leaseholders of a block of flats.
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