Establishing Your Right to Manage Your Property
The right to manage is a relatively new concept introduced by the Commonhold and Leasehold Reform Act (2002) as an alternative to purchasing a freehold. Essentially, leaseholders/tenants now have the right to form a company to take over the management functions of the landlord without the necessity of buying the freehold from the landlord.
The right to manage is a niche area of property law. Many firms do not have the required expertise. Mistakes can happen if the correct procedures are not followed. At Housing and Property Law Partnership (HPLP), we offer boutique services at competitive prices for tenants wishing to exercise their right to manage freehold property.
Why would tenants want to use the right to manage procedure?
The leaseholders/tenants of a block of flats may decide that they want to manage the block themselves, but without the expense of purchasing the freehold. If the leaseholders/tenants take this route they do not have to take over the day-to-day management of the building as they can appoint their own managing agents to take over the company's responsibilities. This may be an attractive option where the leaseholders/tenants are mistrustful of the managing agents appointed by the landlord.
Why choose HPLP?
Our property law solicitors are recognised experts in the area of leasehold enfranchisement and housing law in general. Our work is accredited by the Association of Leasehold Enfranchisement Practitioners (ALEP), and recognised by LEASE, the government-funded website.
HPLP also offers you free initial advice up to a half-hour and a fixed fee estimate so you know what you charges you will incur should you decide to pursue your right to manage with us.
To find out if you qualify to manage your own property, contact our firm to speak with Ash Oberoi or Shamin Kashem for free to discuss your situation in greater detail.
