Tribunal grants Right to Manage to Canary Riverside

On Friday 12th December the First-tier Tribunal (FTT) issued its decision that leaseholders at Canary Riverside, through the RTM Company, are entitled to obtain the Right to Manage:

“The Tribunal determines, pursuant to s.84(3) Commonhold and Leasehold Reform Act 2002 (“the 2002 Act”), that the Applicant RTM Company (“the RTM Co”) Act was, on the relevant date, entitled to acquire the right to manage the development known as Canary Riverside situated on Westferry Circus London E14 excluding Westferry 1 (WF1).”

The full decision can be found here and information about Right to Manage and what it means can be found on the RTM tab of the website.

This is a tremendous achievement. The change in the law (finally!) enabling Canary Riverside’s leaseholders to apply for RTM only happened on March 3rd this year. The RTM application required gaining the support of more than 50% of leaseholders and expert evidence to demonstrate to the tribunal that the qualifying criteria for RTM were met. Just a brief scan of the full decision demonstrates how complex this is.

The FTT’s decision is subject to a mandatory right of appeal within 28 days.