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Anthony
John
Partner
Matthew
Laing
Solicitor
Richard
Llewellyn
Consultant
Roger
Gomersall
Consultant
Annie
Hutchinson
Executive
Michelle
Petersen
Executive


 

Right to Manage

If you are resident in a block of flats and are not satisfied with the present management arrangements it is now possible to exercise your ‘Right to Manage’. Provided that 50% of all residents agree to make this change you can collectively take over the management of the block from the freeholder or managing agent. The process can take just a few months to complete and we will guide you through step by step. Taking over the management of your block of flats would mean that:

  • You and your fellow flat owners will form a company and you will each own an equal share in it.
  • The company will take over the management of the block from the existing freeholder/managing agent .
  • The company will carry out all aspects of the management of the block including insurance, maintenance, repairs and even the giving of consents to individual flat owners.
  • You can (but are not obliged to) instruct a managing agent of your choice to undertake future management services.
  • You may therefore be able to improve the management, reduce costs and feel that you are receiving better value for your money.

 

If any flat owners do not choose to get involved when the company is formed, they must be given a further opportunity to join in before a notice is served on the freeholder that will formally begin the ‘Right to Manage’ process. You have to pay the freeholder’s professional fees, which include the freeholder’s solicitors’ fees and the managing agents’ fees. In addition, you have to pay your own solicitors’ fees. You do not need to appoint a surveyor. Naturally the more flat owners that participate will reduce the individual cost that each must pay on a shared basis.You do not have to pay the freeholder - it is your legal right




 

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01202 551 991

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