2024 update: In November 2023, The Leasehold and Freehold Reform Bill 2023-24 was introduced to the House of Commons. It is a wide-ranging bill designed to make things fairer, easier and more transparent for leaseholders. One of its main measures is to make it both easier and cheaper for leaseholders to take over the management of their building. The consultation period on the bill closed on 17th January 2024, and the report stage scheduled for 27th February.
July 2024 Update: After becoming law in May 2024, the Leasehold and Freehold Reform Act has been in place for two months now. Despite last-minute watering down elements, the bill has kept some of its original provisions regarding right to manage. The main provisions include reductions of costs and greater transparency in the process of making an RTM claim. A specific change enabled by the Act is that, previously, leaseholders in mixed used buildings couldn't take over its management or buy the freehold if more than 25% of the floor space was commercial – this limit has been raised to 50%. This will enable more homeowners to access right to manage.