Block management refers to the property management service we provide at Greenco for any group of residential or commercial properties operating within one unit, such as an apartment block or office block.

Right to Manage

Most residential and commercial blocks are managed in this way by a professional company to ensure that a professional, safe and operational presence is maintained, but if the company managing a block that you currently own or lease a property in is falling short of your standards and expectations, together with your fellow owners and leaseholders, you can vote for Greenco to take on your Right to Manage.

Let us do the hard work in organising the change, and then let us exceed your expectations in the way we manage, repair, maintain, clean and generally keep to a high standard your communal areas and shared grounds of your building.

The Commonhold and Leasehold Reform Act 2002

The Commonhold and Leasehold Reform Act 2002 provides a right for leaseholders to force the transfer of the landlord’s management functions to a special company set up by them – the right to manage company.

This right was introduced in order to empower leaseholders to take responsibility of their property and make their own decisions on who to appoint on the management of their block. They are able to move away from their management company who they were forced to stay with prior to the right to manage process.

This right is only available to flats.

Leaseholders are able to exercise this right whether or not their existing landlord is good or bad.

The process is relatively simple however there are a lot of issues to consider in order for the right to manage to be successful.

We Can Help!

Greenco Block Management can help in this process. We can offer our advice and guidance to residents and oversee the process. We can offer a very competitive price to help you in this process and by forming a Right to Manage Companywhich will give you more control on the management of your block.

Looking to sell the freehold?

If you have a freehold for sale, please get in touch with us without any obligation on either side. We have buyers interested in purchasing freeholds. If you would like us to arrange a quote for a purchase price for your ground rent portfolio, it would help if you could let us have brief details of the portfolio (i.e. rent per annum, number / type of properties, length of lease and location). For more information please contact us.

This right was introduced in order to empower leaseholders to take responsibility of their property and make their own decisions on who to appoint on the management of their block. They are able to move away from their management company who they were forced to stay with prior to the right to manage process.

What is leasehold?

Leasehold flats can be in purpose-built blocks, in converted houses or above commercial or retail premises.

When buying a property, a leaseholder effectively rents from the freeholder for a number of years, decades or centuries. When the freeholder grants a lease, they become a “landlord”.

The leasehold ownership of a flat usually relates to everything within the four walls of the flat, including floorboards and plaster to walls and ceiling. A garden can be included unless it is a communal garden for the building.

The structure and common parts of the building and the land it stands on are usually owned by the freeholder. The freeholder is, normally, responsible for the maintenance and repair of the building. If so, the costs for doing so are recoverable through the service charges and billed to the leaseholders.

The freeholder or resident management company usually appoint a managing agent to manage their block.