If you own a Leasehold Flat, it is your Legal Right to choose who Manages your Property
It is known as The Right to Manage
Right to Manage is your
Parliament passed the legislation to help flat owners like you. It is not necessary to prove fault by your landlord or management company or to pay any compensation.
As long as the criteria are met and at least half the leaseholders in your block agree to proceed your landlord cannot legally prevent the RTM process. Following the Commonhold and Leasehold Reform Act 2002 it is your legal right to choose your own management company.
RTMF are specialists.
Our skilled team offer 12 years of unsurpassed expertise and experience in this specialised field of law. Even solicitors consult us! We have represented hundreds of leaseholders at Tribunals, winning landmark cases that have helped shape the future of RTM.
RTMF offer a truly independent service. We do not manage properties ourselves but acting as neutral advisers we help you select a manager of your own democratic choosing.
How Right to Manage Works
In order to be eligible for the Right to Manage (RTM) both the premises / block and the applicant leaseholders must meet a statutory criteria. RTM only applies to leaseholder owners of flats and not to leasehold houses or bungalows.
The premises / block will qualify if they consist of a structurally detached building or part of a building that can be served independently, they contain two or more flats held by qualifying tenants, and at least two-thirds of the flats are leased to qualifying tenants.
The premises / block will not qualify if more than 25% of the floor area is non-residential, if there are self-contained parts owned by different landlords, if it is a property owned by the local authority, or it is a building of four or less flats with one flat being occupied by the landlord as his principle home.
A qualifying tenant is a leaseholder whose lease was originally granted for a period exceeding 21 years. Where a flat is being let under two or more long leases, a tenant that holds the superior lease is not the qualifying tenant.
Forming an RTM Company
Right to Manage is only exercisable by a leaseholder-owned RTM Company formed to statutory requirements, with members instead of shareholders. RTMF has successfully formed hundreds of RTM companies for leasehold flat owners and if instructed handles all the Company Formation procedures on leaseholders’ behalf.
Right to Manage Costs
Our standard costs for Right to Manage is £500.00 per Block, plus £75.00 per Flat. For more information on our costs see our guidance page
Our fees are highly competitive, including an optional subsidised scheme for owners of retirement flats and larger private residential blocks appointing a professional managing agent.
What Our Customers Say
Thanks to RTMF we are now venturing into an exciting working relationship with our new managing agents, however, I feel comfortable that if things become unclear or we need some general advice RTMF are willing to help if they can.
Bekir Yusuf. Director
We were very pleased to find a firm with enough technical expertise, strategic skills and dogged determination, to see the Right to Manage process through to completion.
Glen Halton. Director
The Leaseholders of 369 Upland Road would like to sincerely thank your team at RTMF for the sheer doggedness and determination in guiding us through what we knew would be a challenging application process.
R Booth. Director
The RTMF has acquired RTM for thousands of leasehold flat owners throughout England and Wales from converted houses of 2 flats to large multi-block estates comprising hundreds of luxury apartments.View More