Why should you claim the right to manage?
Exercising the right to manage enables you to be in direct control of the management functions of your building. Typical management functions include:
- Maintenance of the structure and common parts of the building (including repairs, renewals and redecoration);
- Improvements to the building;
- Provision of services (such as lighting, gardening etc);
- Insurance of the building;
- Approval and enforcement of covenants;
- Compliance with any statutory requirements;
- Day to day running of the building;
- Appointing a new managing agent or retaining the old one if you so wish.
It is also important to remember that, as the tenants, you will not manage the property yourselves. Instead we will set up a right to manage company on your behalf.
Further questions? View our FAQ's.
Do you qualify for the right to manage?
You may qualify for the right to manage as a qualifying tenant if you have a long lease, which is:
- A lease with an original term of at least 21 years;
- A lease with a clause providing for the right of perpetual renewal;
- A lease granted under ‘right to buy’ or ‘right to acquire on rent or mortgage terms’; or
- A shared ownership lease where your share is 100%.
Your building may qualify for the right to manage if it:
- Is self-contained or, at the very least, capable of being redeveloped independently;
- Contains at least two flats of which two thirds of the flats must be let to 'qualifying tenants';
- Uses at least 75% of its total floor area for residential purposes;
- Is not be owned by a housing authority.
Note that at least 50% of the qualifying tenants in the building must be members of the right to manage company, through which the tenants will acquire the management functions of the property.