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Canonbury Management
One Carey Lane
London
EC2V 8AE
Sales: +44 (0)207 1188 400
Existing: +44 (0)207 1188 500
Fax: +44 (0)871 750 2688
mail@canonburymanagement.co.uk
Canonbury Management is a trading name of Investment Technology Limited
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Right To Manage (RTM) - Other Costs & Information
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There are a few other points which you must know before proceeding with the right to manage process.
The freeholder’s reasonable legal costs
If you go through the process, you are liable to pay the reasonable legal costs of the freeholder. These, in our experience are claimed in most cases so you need to ensure you are prepared for the possibility of additional costs. This is, however, a charge levied by the freeholder’s solicitors and so we would have no control over this. If they do levy a charge and you consider it too high then you can apply to the Leasehold Valuation Tribunal for them to determine this. We can do this for you but only if you are successful in the Right to Manage claim and we are appointed as managers for your block.
Leasehold Valuation Tribunal
If a counter notice is received then an application must be made to the Leasehold Valuation Tribunal. There is no
alternative to this, even though it is highly likely that the freeholder will have no valid reason for the counter notice. Canonbury charges £1500 including VAT for the preparation of the application
and attendance to the hearing. It is always advisable to attend the application to argue the case otherwise all details may not be fully considered by the panel. As we have all the information to hand, applications are
likely to be cheaper and more accurate than those prepared by a solicitor. The application should be made immediately as
there are time limits, so we would advise that you decide promptly. In the rare event that your claim may not be successful at the
tribunal, you would be liable to pay the reasonable legal costs of the freeholder in attending the hearing. We would
estimate that these are likely to be around £1500+VAT but in some cases they could be higher.
Further Information
Canonbury Management has a wealth of knowledge and experience in this field and much of this information is on our
website. We constantly review the data on the site following reviews of case law, however, if you can’t find the answers
you are looking for, please give us a call or write an email and one of our experienced staff members will get back to you.
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