The Right to Manage (RTM) was introduced via the Commonhold and Leasehold Reform Act 2002. It is an important right for leaseholders. At Apex Property Management we have experience in completing the Right to Manage from Plymouth, for properties throughout Devon and Cornwall.
Providing the statutory right to take over the management of your property from the landlord. The Right to Manage is completed by setting up a company, more particularly a right to manage company.
To complete a Right to Manage you do not have to get the landlord’s permission, prove any mismanagement or obtain any court order to exercise the right. However it comes with some very real responsibilities and it’s not a decision that should be taken lightly. When completing a Right to Manage you can still appoint a managing agent, or even use the current agent if one is already managing the site.
Gaining a Right to Manage on your property can give you the freedom to manage your block as you see fit, within the terms of the lease and law. It also can help with bringing a higher sense of community throughout all residents and owners within the property. This typically results in more engagement with the running of the property.
At Apex Property Management we can help and guide you through the entire Right to Manage process. We even have local solicitors work with us to assist with completing the Right to Manage from Plymouth, for properties throughout Devon and Cornwall. For further details on how we can help, please contact us, we would be pleased to help.
For more details on the Right to Manage have a look through The Leasehold Advisory Service's in-depth guide.