What is it?
Flat owners can collectively take over the Landlord’s management functions.
Why do it?
To save money (lowering your service charges probably) and putting the management of the block into your hands. Negotiating your own block insurance alone could save you thousands of pounds….
How do we do it?
The process is relatively simple.
The Landlord’s consent is not required.
No court order is necessary.
Bad management does not need to be proved.
No premium is payable to the Landlord for the actual right to manage…. You do have to reimburse it for the costs incurred in responding to the notice which needs to be served and providing the information we need. You need to ensure that the flats in the block qualify and the minimum number of people take part.—criteria below- and you need to set up a company .
What will it cost?
We have a scale of fees published on our website..
Our fees are per flat taking part and as usual exclude VAT and disbursements: -
- If all of the flat owners are participating - £250.00
- If not - £350.00
This is for the administration involved in serving notice and acquiring the right.. any ancillary advice .. eg relating to the management functions of the company , service charge disputes etc.. we reserve the right to charge for separately at our standard hourly rates.. subject to any other fixed rate which applies.. we will also make any such charges known to you before we incur them so there are no surprises for you and you have the choice as to whether to incur them.
Qualifications and Procedures
Downlaod our PDF to learn more about the Qualifications and Procedures for the Right to Manage.
