The Right to Manage - what is it?
If you are a flat owner, you have the right under the Commonhold And Leasehold Reform Act 2002 to force your landlord (subject to certain criteria being met) to give you the Right to Manage your own block – either yourselves by setting up a Right to Manage (or RTM) company or by appointing a professional managing agent of your own choosing.
Why exercise the Right to Manage your block of flats?
- Many tenants become frustrated dealing with a poorly run management company over which they have no control
- Some property management companies fail to maintain flats to a sufficiently high standard
- Other management companies can prove very expensive
Is exercising the Right to Manage expensive?
You don't have to pay your landlord to exercise the right to manage your block. However, in doing so you will will need to set up a Right to Manage company and pay the following costs:
- The reasonable legal costs incurred by your landlord
- The cost of your own solicitor incurred in transferring ownership of the freehold.
- Your Solicitor’s costs in setting up a UK RTM Company
Contact our Solicitors about your Right to Manage Company today
Our specialist team deal with RTM cases throughout the UK and particularly in Wiltshire, Hampshire, Somerset, Dorset, Bournemouth,Brighton, Bridgewater, Weston-Super-Mare, Cirencester, Midsomer Norton, Dorchester, Wimborne, Wells, Yeovil, Lyndhurst, Brockenhurst, Wincanton, Radstock, Ilminster, Calne, Chard, Wareham, Shaftesbury, Sherborne, Sturminster Newton, Blandford Forum, Romsey, Alton, Shepton Mallett Crewkerne, Melksham, Corsham, Gillingham, Glastonbury, Ferndown, Frome, Westbury, Malmesbury, Bradford-on-Avon, Axminster, New Milton, Fordingbridge and Ringwood.
For legal advice about your Right to Manage Leasehold Property, phone 01722 422300 or contact our Salisbury office today.