Right To Manage Companies and Sub-letting
July 13th, 2010 . by adminOne annoyance for flat owners who rent out their properties is the freeholder or management company insistence of a sub-letting fee when a property is let out. In some cases this is demanded (and typically automatically paid by letting agents) whether there is even a clause in the lease requiring such a fee.The good news is that after a Right To Manage, a RTM company takes over the power to approve sub-letting, and does not require the specific consent of the freeholder if the RTM company gives 30 days notice. (If the freeholder does object, the freeholder must give notice to the RTM company, leaseholder and sub-tenant – and can be challenged at a LVT).
