Public concern about extortionate service charges and poorly managed buildings led to the Right to Manage (RTM) process under the Commonhold and Leasehold Reform Act 2002.
There are several reasons why leaseholders decide to pursue the right to manage process, all centred on the opportunity to exercise greater control over their block.
Unlike leasehold enfranchisement and lease extensions, you do not have to pay your landlord a premium. This makes right to manage much more cost effective.
The right to manage process enables you to exercise greater control over the operation of your building. We have broken this process down into eight simple stages.
There are various statutory criteria which need to be fulfilled in order to qualify to exercise your right to manage. These requirements relate to the nature of your block.