Right to Manage
Take Control of Your Development - Right to Manage with Neil Douglas
The Right to Manage (RTM) was introduced by the Leasehold and Commonhold Reform Act 2002. It gives leaseholders the right to take over the management of their development from their freeholder, provided the building is eligible.
Leaseholders have to set-up and become members of a special company called a Right to Manage Company, which will take over responsibility for the landlord’s (or freeholder’s) duties under the lease with respect to services, repairs, maintenance, improvements, insurance and management.
The RTM Company then follows a formal process to give notice of claim to the freeholder / landlord, agree the claim, and prepare to take over the management.
At Neil Douglas we can help you with the Right to Manage process, including:
- Checking the validity of the claim, lease and land registry document review, visit to site.
- Arranging formation of the company, creating membership forms and register of members, appointing directors and acting as interim company secretary.
- Serving the necessary notices on leaseholders and the freeholder.
- Providing follow up information to the freeholder to enable them to validate the claim.
- Keeping leaseholders up to date with the process.
- Confirming the claim and arranging registration at the Land Registry.
Once the claim is accepted we can handle the handover process with the outgoing manager / agent and manage the development going forward, if required.