right to manage

The Right to Manage gives qualifying leaseholders the right to take over management of their homes. It only applies to leaseholders living in a block of flats. The following criteria must be met:

• the majority of leaseholders must vote in favour of the proposal
• a Right to Manage company must be formed
• the company must comply with legal requirements which include:
  • appointment of officers
  • memorandum
  • articles of association.

The Right to Manage company would not inherit the rights of the landlord. For instance, it would not own the freehold nor would it be entitled to payments due to the landlord.

Shared ownership and shared equity schemes do not have the Right to Manage.