- Over 50% of qualifying tenants want to proceed, meaning leaseholders who have a long lease.
- A self-contained and self-sufficient (or capable of being self-sufficient) building
- At least 75% of the building must be used for residential purposes
- There cannot be an existing right to manage agreement in place
What do the leaseholders now manage?
What happens to existing contractors?
Do the leaseholders have to manage the building themselves?
How long will this take and how much will it cost?
|Stage 1: Assessment||One week||Assessing if a right to manage can be applied.|
|Stage 2: Setting up the company||One week||There needs to be a minimum of one director and one member initially.|
|Stage 3: Notice Inviting Participation||Four weeks||Notice to all remaining leaseholders asking if they would like to join the company.|
|Stage 4: Qualification||One week||At least 50% of the qualifying leaseholders have to have signed up. If not the process cannot go ahead.|
|Stage 5: Claim Notice||One week||Serving notice to the freeholder that a correct right to manage application has been made|
|Stage 6: Counternotice||Six weeks||If the claim is accepted, Stage 8 applies. If the claim is rejected, Stage 7 applies.|
|Stage 7: Tribunal Proceedings||Two months||If the claim is rejected the leaseholders have two months to apply to the Tribunal who decide if the freeholder’s rejection of the application is legitimate.|
|Stage 8: Management handover||Three months||If the claim is accepted, the leaseholders acquire management approximately three months from the date of the counternotice or Tribunal’s decision.|
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