Right to Manage
Are high management fees, excessive service charges and inflated building insurance premiums a major worry for you? At In Residence we offer expert knowledge in all areas of residential property management to help guide you successfully through the Right To Manage process. Under the Commonhold and Leasehold Reform Act 2002 you are legally entitled to take over the management of your block and terminate your current management agreement.
All you need to do if fulfil the following criteria:
- At least 50% of the flat owners within the block of flats must sign up to the process.
- At least two thirds of the flat owners within the block must have long leases (more than 21 years at the time you begin the process).
- No more than 25% of the block may be used for non-residential use.
- If you have answered yes to all of the above then it is highly likely that you will be able to go through the Right To Manage process with 100% success.
There are a small number of technical legalities that may prevent in some instances you being eligible. So you should discuss this with our team beforehand as to whether to progress your claim as one or a few for your block.
Want to find out more without any cost or obligation? Call us on 0115 989 7350