Leaseholders of some blocks of flats can take over management of the building.
To be eligible to manage the lease:
- the building must contain at least two flats
- at least half of the leasehold properties in the building must take part
- at least two thirds of the participating leaseholders must have held their leases for at least 21 years
Some buildings do not qualify – for example those in areas where more than 25% of the buildings are shops.
If you want to claim your right to manage, you must set up a right to manage company. It must use prescribed articles of association. There is a set procedure to follow before you submit your claim. You should take legal advice and guidance.
Visit the Leasehold Advisory Service website to learn more.
The Commonhold and Leasehold Reform Act 2002 governs the right to manage.