Right to Manage (RTM)01-01-1970
Right to Manage (RTM) is a provision in the Commonhold and Leasehold Reform Act 2002 for Leaseholders to force the transfer of the management of a building to a special company set up by the Leaseholders.
Certain conditions need to be met and specific notices issued.
RTM does not necessarily mean self-management. The right to manage is simply a transfer of responsibility and decision-making. Leaseholders should not be tempted to view RTM just as a route to do-it-yourself management unless the building is small (no more than, say, six flats) the day-to-day management may be best left to a professional managing agent.
Management is a job which requires certain skills and experience and carries with it great responsibility.