Right to Manage - definition of qualifying tenant.

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    Right to Manage - definition of qualifying tenant.

    We live in a block of 5 flats in a converted house and in the summer 3 lessees jointly formed RTM company for our property.

    The 2 remaining lessees declined interest due to their intention to sell their flats.

    One of the original subscribers has now put their flat on the market but has agreed not to do anything until their sale goes through. So currently we have 60% membership.

    The new owners of one of the sold flats have moved in and have agreed to take part in the RTM process.

    However no assignment and Land Registry registration has taken place so my question is whether we can formally issue them with a Notice of Intention to Participate.

    The LR title is still showing the previous owners so am confused as to whether or who to send the NIP.

    Clearly we need to get this right. My feeling is to wait but time pressure to move things forward.

    Anyone with knowledge or experience in this area is greatly appreciated.

    Cal.


    #2
    The Land Registry may take up two months to complete the registration of flat under next buyer's name. But showing a completion statement for sale of flat by the new owners , will confirm the sale has taken place.

    There is a free guide to procedures for RTM Company which can be download from LEASE website :

    https://www.lease-advice.org/advice-guide/right-manage/

    If you have support from 60% of leaseholders , your RTM Company can proceed to make the claim for RTM of the service charge account from the Freeholder.

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