The Right To Manage your development (RTM)
Right to Manage is a popular option for Leaseholders who want more control over how their block is maintained and how their service charge monies are spent.
Importantly, RTM is non-fault based, meaning leaseholders don’t have to prove that the managing agent has been negligent or otherwise incompetent in order to take over control.
RTM is generally considered a positive step for leaseholders who most often want to improve service delivery and reduce costs within their block.
RTM has a number of advantages:
- freedom to employ your choice of managing agent and contractors
- the ability to help, advise and make critical decisions on matters concerning day-to-day management and maintenance of your development
- likely to add value to your property.
Qualifying criteria to apply for RTM
- Your block must be completely self-contained/detached from any other building. This includes any underground facilities such as parking, gym etc.
- Your block must have enough qualifying tenants
To be eligible for right to manage, two or more of the flats must be held by qualifying tenants and the total number of flats held by those tenants must not be less than two thirds of the total number of flats. A qualifying tenant is a leaseholder whose lease was originally granted for a term of more than 21 years.
This means that in a block of eight flats, at least six must be held by qualifying tenants, and in a block of 20 flats, at least 14 must held by qualifying tenants.
The participating tenants must be at least 50% of the total number of flats at the date the notice is served (with a minimum of two participators).
- Your block may be no more than 25% commercial use
Let Flaxfields assist you with every aspect of your RTM application. Contact us for advice, support and guidance.