If you are the owner of a flat in a large block you should be aware that you will have a lease setting out your rights and obligations. You probably pay ground rent and service charges to your landlord.


The management of the building may be satisfactory and the service charges kept to a reasonable level, but if not, you and the other flat owners could take over the management of the building.


Exercising your Right to Manage or buying the freehold are the two principal ways to take over the management of your building.


The Right To Manage (RTM) was introduced, not just as a means of wresting control from bad landlords, or managing agents, but also to empower leaseholders, who generally hold the majority of value in the property, to take responsibility for the management of their block.

 

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