What is Right to Manage?
The Right to Manage (RTM) allows leaseholders to take over management of their building from the landlord without having to prove any fault or pay compensation.RTM was introduced by the Commonhold and Leasehold Reform Act 2002 and applies to most residential leasehold buildings in England and Wales.
Benefits of RTM
Control
Choose your own managing agent or self-manage
Transparency
Full visibility of service charge spending
Cost Savings
Potential to reduce management costs
Quality
Higher standards of maintenance and service
The RTM Process
1
Check Eligibility
Verify your building and leaseholders qualify for RTM
2
Gather Support
Get at least 50% of qualifying tenants to participate
3
Form RTM Company
Set up a company limited by guarantee at Companies House
4
Serve Notices
Issue the required statutory notices
5
Await Response
The landlord has time to respond or challenge
6
Take Over Management
Management transfers on the acquisition date