There is generally a minimum cost for small blocks and a set-up fee for the RTM company itself.
The cost will vary depending on the number of flats, but participating leaseholders should expect to pay upwards of £200 each.
We would also recommend creating a fund for further costs and the freeholder’s legal expenses.
Should the freeholder oppose the RTM application on the grounds of a technicality in the qualification or process, then costs can be £3,000 to £5,000. If you are considering Right to Manage, Brady Solicitors can steer you through and help you to keep costs low.