Right to Manage

The Right to Manage (RTM) was introduced through the Commonhold and Leasehold Reform Act 2002 and gives leaseholders the statutory right to take over the management of their property from the landlord.

You do not have to get the landlord’s permission, prove mismanagement or obtain a court order to exercise your right. It does come with some responsibilities and it’s not a decision that should be taken lightly.

Although the process is relatively straight forward, the qualifying rules and criteria can be complex. This is where we will help you to navigate through the process.

Why choose Right to Manage?

mansionblock

Many leaseholders are facing excessively high charges for items such as insurance, rental agreements and maintenance contracts purchased at uncompetitive prices.

By exercising your right to manage you will be free to appoint a managing agent, if you decide to, who is accountable to you, the owners. And as you will control the managemnet functions of your building you can expect better value for your money and a better service.

Does your property qualify?

 

There are some stipulations as to whether a property can qualify for Right To Manage status, as listed below. Check if your building qualifies and get in touch to see how we can help you reach out to your fellow owners.

  • At least two-thirds of the flats in the building must be let to “qualifying tenants”. A “qualifying tenant” is a leaseholder  who holds a lease that was originally granted for more than 21 years.
  • If there is a commercial element to the building it must not exceed 25% of the total floor area (excluding communal areas).
  • At least 50% of owners must support the right to manage.

 

How to start the process

Leasehold

We have a great deal of experience with establishing and managing RTM companies.

Once instructed, we will form the RTM company which is limited by guarantee. 

As soon as at least 50% of owners are in support, we will then serve a notice inviting participation.

The right to manage is exercised by serving a notice of claim on the landlord. 

We will serve notice on the landlord and a copy to each qualifying leaseholder.