Category Archives: Right to Manage

What are reserve funds?

Many leases provide for the landlord to collect sums in advance to create one or more reserve or ‘sinking’ funds. The purpose of such funds is to build up a sum of money to cover the cost of irregular and … Continue reading

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Is the right to manage (RTM) company bound to carry on with existing contracts entered into by the previous management arrangement?

It is considered that the RTM process may well frustrate existing contracts, that is to say, the takeover of management responsibilities by the RTM company will bring to an automatic end all existing contracts. The RTM company can then choose … Continue reading

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What happens after you have acquired the Right to Manage?

Once the Right to Manage has been acquired by a block of flats the hard work really begins. As the Right to Manage process has usually been instigated as a result of unsatisfactory management of the building, it is not … Continue reading

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What is Right to Manage?

If you own a leasehold flat and you are unhappy with the management of your building you might qualify for the Right to Manage (RTM). This is where you and the other leaseholders can take over the management responsibilities from … Continue reading

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The landlords costs – Right to Manage

The RTM company must reimburse the landlord for any costs he has incurred in the process. There is, perhaps, need for constant reminder that the right is not default-based and may be exercised against the best or most competent landlords; … Continue reading

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Right to Manage – basic steps

Step one – you have to set up the RTM company Get professional advice about setting up the RTM company; there are legal steps and fees involved. Step two – membership of the RTM company You have to ask the … Continue reading

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The Right to Manage – background from LEASE.

The Commonhold and Leasehold Reform Act 2002 provides a right for lessees (flat owners) to transfer the landlord’s right to manage or appoint a manager for their building, to a company set up by lessees called a right to manage … Continue reading

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How Right to Manage companies appoint managing agents

Whether you are a leaseholder exercising the right to manage (RTM) or a landlord seeking to delegate management of your properties, you should be clear what tasks you want the agent to carry out. It is prudent to set these … Continue reading

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Why exercise your Right to Manage?

The Commonhold and leasehold Reform Act 2002 provides a right for leaseholders to change the appointment of the management of their building to another agent, by incorporating a right to manage company to take over from the freeholder those rights … Continue reading

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Right to Manage companies – Management responsibilities on acquisition

The Right to Manage (RTM) company takes over all of the management functions for the premises under the terms of the lease on the acquisition date. What are Management functions? ‘Management functions’ are defined in legislation as ‘functions with respect … Continue reading

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