If you are a long leaseholder in a block of flats and are dissatisfied with the way your landlord looks after the building or the amount you pay in service charges, legislation entitles you appoint an alternative management company of your own choosing.
It is known as ‘The Right to Manage’ or RTM.
Ending your landlord’s monopoly enables you to achieve improved standards at reduced cost and guarantees continuing value for the service charges you pay. As long as at least half of all leaseholders in a block agree to proceed the landlord cannot prevent the process. It is not necessary to prove fault by the landlord or its managing agent. It is not necessary to go to court or a tribunal and it is not necessary to pay your landlord compensation. It is leaseholders absolute right introduced by the Commonhold and Leasehold Reform Act 2002.
The RTMF offers a comprehensive service at little or no cost to leaseholders wishing to exercise the right to manage. We operate a ‘one-stop-shop’ approach providing everything that is required throughout the whole process but leaving all management decisions to the democratic vote of RTM leaseholders.