Understanding the Management Company

• A tri-party lease includes the freeholder, management company, and lessees. Lessees have a role in managing the estate, but freeholders still handle ground rent and insurance.

How to Get Involved in Management

• To change the managing agent, lessees need to be involved in the management company, often by joining the board of directors.

Electing Yourself as a Director

• You can be elected to the board by a majority vote at an AGM or EGM. If the current directors don't support your bid, you can use your shareholder rights to call for an EGM.

Proposing a Competitive Tender

• Once on the board, you can initiate a competitive tendering process to select a new managing agent that offers the best value.

Resources for Choosing the Right Managing Agent

• Use tools like Leaseholdersupport.co.uk and the lists of agents from ARMA and RICS to find reputable agents for the job.

Expert Guidance from Mary-Anne Bowring

• Mary-Anne Bowring, founder of Ringley Chartered Surveyors, provides specialized advice on leasehold reform, property law, and managing agent changes.