Seel & Co

Right to Manage (RTM)

Right to Manage (RTM) is a provision in the Commonhold and Leasehold Reform Act 2002 for Leaseholders to force the transfer of the management of a building to a special company set up by the Leaseholders.

Certain conditions need to be met and specific notices issued.

RTM does not necessarily mean self-management. The right to manage is simply a transfer of responsibility and decision-making. Leaseholders should not be tempted to view RTM just as a route to do-it-yourself management unless the building is small (no more than, say, six flats) the day-to-day management may be best left to a professional managing agent.

Management is a job which requires certain skills and experience and carries with it great responsibility.

Further information can be found from the Leasehold Advisory Service either by visiting their website or by downloading LEASE’s introductory guide by clicking here