Many leaseholders are unhappy with the management of their building and there are two key routes to obtaining control and appointing a managing agent with your best interests at heart.
The first of these is Leasehold Enfranchisement. This involves purchasing the freehold from the current owner and forming a Residential Management Company to administer the block management. This can be an expensive process but can ultimately benefit leaseholders in gaining control of their homes.
A second option is to form a Right to Manage company. This takes over the management from the Freeholder and enables leaseholders to employ a professional managing agent of their own choosing. Although it is cheaper than the enfranchisement route there are limitations.
Barnard Cook can advise on these and a variety of other leasehold matters including Lease Extensions, Alterations Licenses, Breach of Covenants and more.
The first of these is Leasehold Enfranchisement. This involves purchasing the freehold from the current owner and forming a Residential Management Company to administer the block management. This can be an expensive process but can ultimately benefit leaseholders in gaining control of their homes.
A second option is to form a Right to Manage company. This takes over the management from the Freeholder and enables leaseholders to employ a professional managing agent of their own choosing. Although it is cheaper than the enfranchisement route there are limitations.
Barnard Cook can advise on these and a variety of other leasehold matters including Lease Extensions, Alterations Licenses, Breach of Covenants and more.