We are very pleased to have received formal acceptance of a Right to Manage application which will result in a saving of over £12,500 relating solely to insurance premium costs.
These savings will be used to improve the building, contribute toward a freehold purchase fund (which we identified under the lease and have since commenced), reduce service charges or a combination of all three.
Whilst uncertainty is the reality for many leaseholders, this latest Right To Manage acquisition will allow our client to fairly administer their development whilst leaseholder reform takes shape.