What is the Right-To-Manage? RTM grants qualifying leaseholders the ability to take over the management of their property if they feel the current management arrangement is insufficient.
RTM was first introduced through the Commonhold and Leasehold Reform Act 2002 and is a significant right for leaseholders and can be exercised by long leaseholders.
Using the right to manage requires a special RTM company and there are complex criteria and qualifying rules. As such it is recommended that if you are thinking about the right to manage, you should seek advice beforehand.
If you’d like some more information about the Right-To-Manage, read the Leasehold Advisory Service guide.