What is Right to Manage?
The Right to Manage (RTM) is a legal process that allows leasehold property owners to take over management of the building – even without the agreement of the landlord. It is set out in the Commonhold and Leasehold Reform Act 2012 and allows leaseholders in a block of flats to take over management and day to day responsibility of the building. This right is available to all apartment owners, in all blocks, no matter how large or small the development and no matter how many flats there are.
The Leaseholders do not need to show any fault with the existing management in order to be eligible to claim the Right to Manage even without the agreement of the Landlord or existing Management Company.
How EDGE can help.
At EDGE we have firsthand experience of Right to Manage from a leaseholders point of view. In fact that is how we started; our Directors were unhappy with the way their properties were being managed.
At EDGE Property Management we understand the process and the questions you may have. We can therefore guide you through the complexities of RTM and provide you with the answers you require and complete the process on your behalf. Although it is relatively straight forward process, the qualifying rules and criteria can be complicated and therefore RTM might not work for you. In this rare situation we are still able to advise you on the various options available and work with you to a satisfactory solution.
If you are looking to instigate the Right to Manage on your development or would like to discuss how to proceed we are only too happy to help.
Advice is free so if in doubt ask!
For more information there is a detailed guide produced by the Leasehold Advisory Service (LEASE).