Right to Manage
The right to manage is available as of right to leaseholders living in flats. There is no need to provide any wrong doing in the management by the landlord it was simply introduced to give leaseholders power to take responsibility for the management of the block in which their home is situated.
You will need to ensure your building meets the requirements:
- At least 2/3rds of the flat/apartment owners within the physical block must have long leases (originally of 21 years or longer at the time of issue.)
- At least 50% of the flat owners must want to go through the process.
- No more than 25% of the block may be used for non-residential use (this excludes car parks and common areas connected with the flats.
- The right to manage is available to leaseholders of flats, not of houses.
When the above is satisfied Omnicroft will assist you through the right to manage process. We do not insist that you chose Omnicroft as your managing agents although naturally we would be delighted if you did. Once the right to manage has been acquired, the new company formally takes over responsibilities for management of the development.
It then has a number of property management options:
- It can manage the property directly – but this can be a major task if the block is more than about six properties.
- It can keep the existing management company.
- It can appoint a new management company
Omnicroft Limited – Medway Kent.
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