Company Registration Pack

Right to manage company formation - summary

For This To Happen:

• at least 50% of your fellow tenants must agree to go through the processes,
• no more than a quarter of the building as a whole can be used for non-residential purposes (excluding common areas, stairs, halls, and car parks), and
• at least 66% of the owners with leases must have at least 21 years left on their lease.

Prior to incorporating your right to manage company, you'll need to have consulted with a solicitor on recompensing the reasonable legal costs of the freeholder of the building or have had your case adjudicated on at the First Tier Property Tribunal. It can take up to 9 months from the engagement of your solicitor until the point at which your Right to Manage limited company takes over the building's management.

Your Company Formations helps you and your fellow tenants at the end of the process of assuming management of the property by forming your Right to Manage limited company. We do not provide advice during the process - you are strongly advised to use an experienced solicitor.

Please note that Right to Manage companies cannot acquire or own the building in which you are a tenant. If you wish to incorporate a company for that purpose, you will need to incorporate a property management company - please click here (link to Property management company package page) to find out more.

For help and advice on forming a right to manage limited company, please call us on (telephone number) or email us at (email address).