What is often a consequence of exercising the Right to Manage?

Exercising the Right to Manage (RTM) typically leads to improved management of the property. This right allows leaseholders to take control of the management functions from the landlord, which can result in several benefits. When leaseholders manage the property, they can ensure that the management is more responsive to their specific needs and preferences. This often includes better communication, more transparency in decision-making, and potentially more competitive service contracts, all of which contribute to an overall enhancement of the property management.

Furthermore, because leaseholders have a vested interest in maintaining and improving their living conditions, they may prioritize maintenance and improvement projects that enhance the property’s appeal and livability. This direct involvement in the management can lead to more effective budgeting and spending on property upkeep, which can result in a better quality environment for all residents.

While increased service charges can occur due to higher standards of management practices or unforeseen costs, this is not a guaranteed outcome of RTM and typically reflects the quality of management chosen by the leaseholders. Downgraded property value is not associated with RTM, as effectively managed properties could maintain or increase their value due to better upkeep and resident satisfaction. Additionally, exercising the RTM does not involve a loss of communal rights; rather, it