The Right to Manage (RTM) is an act introduced through the Commonhold and Leasehold Reform Act 2002. The act enables leaseholders to take over the management of their property, via setting up a right to manage company.
RTM is important for leaseholders. They do not require the landlord’s permission, nor do they need to prove any mismanagement or obtain any court case to exercise the right. However, it does come with responsibilities, and that is where appointing a professional management agent assists greatly.
In order to qualify for RTM the following must be met: