Right To Manage (RTM)
This is an important statutory right, allowing leaseholders to take over the management of their block from the landlord/freeholder. With VPM’s help, it is a simple process as you don’t need the landlord’s permission, prove any mismanagement, nor obtain any court order to exercise this right. But you do need to meet certain criteria and follow a prescribed legal process.
We will guide you through every stage: from due diligence to ensuring you qualify; to creating a Right To Manage company and serving notices to your landlord/freeholder; to empowering all leaseholders in the block to take over the on-going management of their property.
The main criteria are:
- At least 50% of the flat owners must be willing to subscribe to the process.
- At least two thirds of the flat owners must have “long leases” – greater than 21 years at the time of issue.
- At least 75% of the floor area of the block must be used for residential purposes.
Once eligibility is ascertained a specific process must be followed, otherwise the existing landlord or management party can raise a counter claim and the Right to Manage will not be granted. VPM will ensure that all information given is accurate and conforms to both the prescribed timeframes and wording.
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