When the right to manage was introduced by the 2002 Commonhold and Leasehold Reform Act, there were two key attractions.
Firstly, it was a right on a no-fault basis for tenants to take over the management with only 50% of the flats in the building needing to participate – unless there are only two flats when both need to participate.
Secondly, there was no requirement for the participating tenants to pay a premium for taking over the management.
Shabnam Ali-Khan appears in Property Week discussing the rules, regulations and forms surrounding right to manage legislation.
Time to simplify over-complex right-to-manage legislation is available to read on the Property Week website.
Shabnam is a senior associate in the property team. She specialises in lease extension and enfranchisement matters, primarily under the Leasehold Reform Housing and Urban Development Act 1993.