Centenary Mill Court Apartments
Centenary Mill
What Is The Right To Manages
The right to manage is a right for owners of leasehold flats to work together to take over the management of their building from the landlord (freeholder). It’s useful if you want to take responsibility for how your building is managed and maintained.
You do not need the landlord’s consent, or to go to court. You do not need to prove that there have been any problems with management – you can still take on the right to manage if the landlord has been managing the building well.
The building must meet certain conditions, and the leaseholders for at least half the flats in the building must take part.
You’ll need to set up a right to manage company, invite all the leaseholders to become members, and follow a set process. Some of the leaseholders will need to become directors and run the company.
It’s the right to manage company that’s responsible for managing the building, not individual leaseholders. Some of the leaseholders may change over time if they sell their flats, but the company will continue to manage the building.
The building will still be owned by the landlord, and they have the right to become a member of the right to manage company once management has been transferred.
If you buy a leasehold flat in a building that already has a right to manage company, you’re entitled to become a member of the company and have a say about how the building is run.
Centenary Mill Leaseholders RTM
The right to manage company was set up on 09 October 2013
Responsibilities
You’ll need to find people who are willing to be directors of the right to manage company, and who have the right skills or are willing to learn. The role can be time consuming, and directors are not usually paid for their time.
Directors will need to:
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learn about company procedures, or get professional advice
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comply with company law, and housing and health and safety law
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handle budgets and accounts
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deal with financial problems, such as leaseholders who do not pay service charges on time
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maintain the building to a good standard
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meet the landlord’s responsibilities as set out in the lease
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deal with disagreements between leaseholders, or with other directors, who may have different views
The right to manage company does not have to do the day-to-day management itself. You can choose to use a managing agent.