Law Commission Proposes Leaseholder Law Changes

The Law Commission is proposing changes to make it quicker and easier for leaseholders to take control of the day-to-day management of their building. Currently, homeowners with long leases over flats can acquire the ‘Right To Manage’ (RTM), which gives the homeowners, rather than their landlord, responsibility for management functions relating to services, repairs, maintenance and insurance. It is a ‘no-fault’ right, so leaseholders can exercise it without having to prove mismanagement by their landlord. However, the current system is seen by many as too technical, slow, restrictive, uncertain and expensive. In response to these criticisms, the Law Commission will be consulting on proposals to make the process more accessible, simpler, quicker and less uncertain. Read more on 24housing.

https://www.24housing.co.uk/news/law-commission-proposes-leaseholder-law-changes/