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The Commonhold and Leasehold Refrom Act 2002 provides a right for leaseholders to effectively dismiss unsatisfactory property managers. You do NOT need to show mismanagement by the landlord or current managing agent, but leaseholders usually exercise their Right to Manage because;
– The landlord, or the managing agent chosen by the landlord, is providing a poor service, and/or
– Service charges are too expensive and it’s unclear where the money goes, or
– There is poor maintenance and upkeep of the common areas.
In order to qualify for the Right-to-Manage (RTM), certain conditions must be met:
RTM does not apply where the building falls within the Resident Landlord Exemption. This applies where the builidng is not purpose built, and it comprises of not more than 4 flats, and one of the flats has been occupied by the freeholder or an adult member of their family as their only/principal home for the past 12 months.
Contact us and we will evaluate your property and let you know if you qualify.
“Thank you for helping us gain the Right to Manage in order for us to appoint our own agent. You explained the process clearly and we were surprised to find that we had very little to do. We were really pleased that the Landlord’s agent is not continuing with their proposed major works plans. Instead, you have negotiated with the Landlord for us to take control of planning and organising these works with our new agent”. Andy Cordrey