This information applies to England, Wales and Northern Ireland
If you are a leaseholder, or in a group of leaseholders, there are different ways in which you can take over the management or ownership of your flats. First, you may have the right to buy the freehold of your properties and take over responsibility for the management of the building. Even where you don't have the right to buy the freehold, you may have the right of first refusal to buy if the freeholder does decide to sell up.
If you are in a group of leaseholders who want to handle the management (rather than the freehold ownership) of the flats, you may have the right to do this by setting up a 'right to manage' company. This company could also be used to buy the freehold at a future date. A group of leaseholders may be able to convert to commonhold ownership of their flats, as long as all parties, including the freeholder, agree.
Finally, if you want to change the managing agent, you can ask a Leasehold Valuation Tribunal to appoint a new one.
You can also find more information about all these options in Buying a home.
Disclaimer, copyright and privacy policy, Copyright © 2012 Citizens Advice. All rights reserved.
