Residents living in flats and who would like to have
a say in how their block is run can now do so due to their Right to Manage.
Since the Commonhold and Leasehold Reform Act of 2002 leaseholders in the UK
have the right to transfer the management and maintenance functions of their
landlord to a company set up by them and known as a Right to Manage Company.
What
this means
Not all blocks are eligible, though. Companies
handling property
management in Birmingham can help you assess your block’s particular
situation, check the land registry, and work through the technical and legal
matters to make sure your block is a good candidate for the Right to Manage.
Once this is settled, the process itself is not complicated. Apart from the
guidance provided to residents, the company will also oversee the entire
process to make the transition as smooth as possible. Before making up your
mind, you can also request an informal discussion that is obligation free.
No longer being forced to stay with a particular
management company, leaseholders can choose to do so regardless of how good
their existing landlord is. Thus, flat owners assume all responsibility for the
proper management of their building.
Note that it is only flats that have the right to
self-manage and can exercise this right regardless of the number of flats
involved. The right also applies to current members of a Residents Management
Company who are not satisfied with their existing management arrangements.
