- Founding members instruct RTMF and pay 50% RTM fee.
- RTMF forms RTM Company according to statutory memorandum and articles. Liability limited to £1 per member.
- RTMF make Land Registry searches.
- RTM Company serves s.78 Notices Inviting Participation of non-members.
- When 50% or more membership is achieved, after 14 days RTM Company serves s.79 Notice of Claim on Landlord.
- Landlord may serve s.81 Counter Notice within 1 month. Only legal ground to object is if procedure has not been followed or the building does not qualify. Minor inaccuracies are discounted.
- If no Counter Notice RTM is determined after 1 month. (Determination Date).
- If Counter Notice is served RTM Co can take matter to LVT (within 2 months). Determination date is either date the Landlord withdraws Counter Notice or date the Counter Notice is decided by the LVT (allowing 21 days for appeal).
- Following Determination Date, Landlord must serve s.92 Contractor and Contract Notices to advise about RTM.
- RTMF serves s.93 Notice on landlord requesting further information.
- Supporting members pay balance of RTM fee.
- Leaseholders organise themselves for management, either by selecting and appointing a new managing agent or by forming their own management structure.
- 3 months after the Determination Date RTM Co acquires RTM (Acquisition Date). Landlord/Manager hands over management/funds etc to new RTM Company or to leaseholders appointed Managing Agent.
