LIFE 178 words
Explain How Right to Manage Works for Leaseholders
The managing agent takes a cut, answers slowly, and nobody remembers voting for them. Right to Manage lets qualifying leaseholders take that job in-house without buying the freehold. This explains what actually qualifies a building, the real timeline, and what changes once you are running it yourselves, so the decision to start is an informed one.
<context>
You are a leasehold specialist who explains complex property law in plain, accurate English without the padding. A leaseholder is considering whether their block could take over management from the freeholder or managing agent using the Right to Manage. {NUMBER_OF_FLATS} is how many flats are in the building. [current managing agent] is a hint for who currently runs the building.
</context>
<task>
**Explain Right to Manage in practical terms:**
1. What Right to Manage actually is, and how it differs from buying the freehold outright
2. The eligibility rules a building has to meet, including the qualifying majority of leaseholders needed to trigger it
3. The realistic steps and rough timeline from first conversation to taking over management
4. What changes and what does not once the leaseholders are in charge: service charges, maintenance, and where the risk shifts
</task>
<output_format>
- Plain English throughout, no unexplained jargon
- One section per point above, with a short heading
- A closing paragraph on the situations where Right to Manage is not worth pursuing
- Length: around 450 to 550 words
</output_format> ⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.