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Right to Manage
The right of leaseholders of a building containing flats to take over the management of the building.
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"Specialists in apartment block management & security."
The Commonhold and Leasehold
Reform Act 2002 provides a right for leaseholders to acquire the landlord’s management functions by transfer to a company set up by them – the Right To Manage (RTM) company.
The right was introduced, not just as a means of wresting control from bad landlords, or managing agents, but also to empower leaseholders, who generally hold the majority of value in the property, to take responsibility for the management of their block.
We have undertaken a number of Right to Manage exercises for clients and would be delighted to discuss Right to Manage with you.
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