Commonhold and Leasehold Reform Act 2002
The Commonhold and Leasehold Reform Act 2002 provides a right for leaseholders to force the transfer of the landlord’s management functions to a special company set up by them – the right to manage company. The right was introduced, not just as a means of wresting control from bad landlords, but also to empower leaseholders, who generally hold the majority of value in the property, to take responsibility for the management of their block.
The right to manage is available to leaseholders of flats, not of houses.
The process is relatively simple. The landlord’s consent is not required, nor is any order of court. There is no need for the lease-holders to prove mismanagement by the landlord. The right is available, whether the landlord’s management has been good, bad or indifferent.
For more information please visit the UK government established Leasehold Advisory Service