Residential Leasehold Landlord - Flats Home Ownership

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Welcome to " Right to Manage - Avinya Patel "

A million flat leaseholders in the UK and the majority do not own the freehold and may have little control over the day-to-day management of the block. But now flat owners, such as tenants and leaseholders, have The Right To Manage (RTM) and to take overall responsibility for the management of their property. These may include managing your own flat and arrange property insurance yourself.

After all the purchase of a flat represents a large financial commitment and it is only right that the leaseholder owners have the right to manage their building and to control the way management charges are raised and collected and the way in which monies are spent. There have been circumstances where landlords did not act in a proper manner, rogue freeholders who have purchased the freehold fraudulently without serving notices or appointed unscrupulous managing agents.

The Commonhold and Leasehold Reform Act 2002 gave leaseholders this right of self-management if they incorporate a Right to Manage company. The leaseholders do not have to show that the landlords or the landlord’s managing agents have failed in their duty of care in managing the property. Relevant notices are served in strict accordance with time scales that are set out in the legislation.

To help you decide whether a Right to Manage company is suitable will depend on a number of factors. Unless the members of the RTM appoint a managing agent, then some or all of the leaseholders will need to administer the RTM on a daily basis.

You have to decide whether a RTM is right for you and a full service where all the reuired notices are served, such as:

• RTM1 - Notice of Invitation to Participate in Right to Manage

• RTM2 - Claim Notice

• RTM3 - Counter-Notice

• RTM4 - Contractor Notice (s.92(1)(a))

• RTM5 - Contract Notice (s.92(1)(b))

• RTM6 - Notice of Cover