
Right to Manage
The Right to Manage (RTM) allows a group of leaseholders to get together and form a Company to take over the management of their building. This will be possible without having to prove any fault on the part of the current management. The leaseholders and the building will have to qualify under the RTM provisions of the Commonhold and Leasehold Reform Act 2002:
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The building must contain at least 2 or more flats;
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Two-thirds of the flats must be held by qualifying tenants- leaseholders with leases which were in excess of 21 years when it was first granted;
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No more than 50% of the internal floor area, excluding common areas to be in non-residential use.
made up of no less than half the total number of flats in the building.
Once the RTM Company has been set up and the other qualifying tenants have been invited the RTM Company can then serve a claim notice on the landlord. Previously, the RTM Company would have been expected to pay the landlord's reasonable costs of the procedure as well as their own, however from March 3rd 2025 this is no longer the case.
LPM can help you with claiming this right.
Please contact us for a no obligation consultation.
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