Right to Manage
Right to Manage was introduced in s71 (Part 2 Chapter 1) of the Commonhold and Leasehold Reform Act 2002 in September 2003 and an overview of the legislation can be read here. It was hailed as a great right for leaseholders because it is a process that allows leaseholders to replace current managing agents with one of their own choosing, with no premium payable and without needing to go to court to prove ‘fault’ on the part of the freeholder. Smaller developments can choose to self manage.
There are however certain criteria that both the building and the leaseholders have to meet in order to exercise the right which can be read here.