BBBMLRight to Manage / Enfranchisement
The Right to Manage legislation gives the leaseholders of flats the ability to collectively take over the management of the block from the freeholder.
Right to Manage / Enfranchisement
There are undoubtedly benefits in taking control of the management of your building whether it be by claiming your right to manage, or by purchasing the freehold.
The Right to Manage legislation gives the leaseholders of flats the ability to collectively take over the management of the block from the freeholder.
The freeholder does not need to have been at fault in any way and the Right to Manage can be claimed by the leaseholders of most blocks, but there are eligibility criteria which must be met.
The Right to Manage gives more control to the leaseholders, including the right to appoint a new managing agent, but more responsibility comes with it too.
Enfranchisement is the legal term used when the leaseholders collectively purchase the freehold of a building which will transfer to a new company of which the participating leaseholders will be shareholders.
It is important to note that each flat owner will still have a lease and be bound by the same obligations, but enfranchisement will give the new company full control over the management of the building as well as the ability to lengthen leases and eliminate ground rent charges.
I can make sure you are eligible to go down the Right to Manage or Enfranchisement routes.
Having ascertained qualification, I can then guide you through the process.
I am not a lawyer and I will not replace the role of your solicitor, but I can do much of the leg work that you will otherwise pay a solicitor a much higher hourly rate to do.
Please make contact if you need help with anything.
Providing Independent consultancy - my services
Berkshire and Buckinghamshire Block Management and Leasehold Consultancy Limited (BBBML) is an independent consultancy practice specifically set up by Julian Butcher to provide impartial advice to leaseholders, resident management companies, residents associations, freeholders and developers.
Concerned about your current agent? Let me undertake a full review of their performance to ensure they are delivering a quality service and offering value for money.
Thinking of changing agent? Let me assist you with tendering the contract, shortlisting, interviewing and appointing the right agent for your development.
Managing a building yourself can be a daunting task. There will be times when you will need some assistance. I can offer you my professional input, as and when you need it.
Looking to take more control over your building by claiming your Right to Manage or purchasing the freehold? I can explain the options and guide you through the relevant process.
Feeling out of your depth? Whether you are an individual leaseholder or a group of residents, I can provide advice on a range of topics as and when you require it.
If you are a freeholder or developer aiming to maximise the return on your investment, then I can help you with the building design, the lease terms and the service charge structure.