Taking over management from the landlord
56 Canning Road
Help needed in relation to taking over management from the landlord if only 50% of the leaseholders at the building agreed to this.
All four leaseholders agreed and leaseholders are now managing their own building e.g. paying to get renovation done.
I was made aware of Ringley Legal by a friend but wasn't aware we could take over management from the landlord if we had just 50% of the leaseholders at our building agreeing to this. In the building, we therefore just needed two to agree (being a building of four) but all four agreed and we are now managing our own building e.g. paying to get renovation done.
Ringley Legal talked through the procedure involved and were right with everything they said. We were told it would take six months in the beginning for Ringley Legal to get back to us and from then it would be a straight forward process as unless the landlord had very good grounds or reason there was no way they could stop us from taking over the management of our own property.
I'm under the impression that a lot of people aren't aware they can do this and moan they're being ripped off by the landlord. The amount we were paying every month was increasing every year for four to five years (£32 to £58 to £84 to £125).
The building was unattended so was rapidly deteriorating. It's a lovely old Victorian building so we took control and if we didn't know we wouldn't know any better so it would be good if more people knew you only needed 50% of a building to agree to come out of an agreement with the landlord. I almost want to shout it from the rooftops! Some can't be bothered even if they are aware but for us, instead of giving money to a property company, we've created an account ourselves to put money into so we can bring the property up to speed. No pain no gain, if you don't do anything you can't expect anything. We were paying £125 per month but now we're in control of our own destiny and have Ringley Legal to thank for that.
Ringley Legal made it easy for us. I met them once or twice, they discussed the procedure and how straight forward it was. I signed a couple of things and from then got information from the previous company about rent and gathered the opinions of other flat owners. I said I would be responsible to run it and the others were happy with this.
If there was a way others could know about 50% of people agreeing then a lot of people would be a lot better off but I'm not sure if people are aware.