Tag Archives: RTM
I live in a leasehold house on an estate comprising both houses and flats. Can we still exercise the right to manage?
No, the right to manage (RTM) under the Commonhold and Leasehold Reform Act 2002 applies to buildings containing flats, not to houses. RTM applies to a building rather than an estate. You are likely to require the services of a … Continue reading
A building will not manage itself, and there is much to be done if the leaseholders are to receive the services promised in the leases and the building kept in good repair; insurance needs to be put in place and … Continue reading
We have exercised our right to manage (RTM), but the landlord maintains that he insures the building.
Your RTM company has taken over the management functions that would have been stated as the landlords responsibility. The management functions include the insurance of the building. However the Commonhold and Leasehold Reform Act 2002 specifically provides that the landlord … Continue reading
The Right to Manage formation may frustrate existing contracts. The takeover of management responsibilities by the RTM company will bring to an automatic end all existing contracts. The RTM company can then choose whether or not to continue with the contracts … Continue reading
There are two instances where a group of lessee can take over the management of their building, these are; 1. Right to Manage – you can find all the details of this on our site www.righttomanageinfo.co.uk 2. Exercise the appointment … Continue reading
RTM does not apply where the premises fall within the resident landlord exemption. To fulfil this exemption – The premises must not be a purpose-built block of flats AND There must be no more than four flats AND One of … Continue reading
The acquisition date is the date on which the RTM company formally takes control of the management from the landlord: where the landlord has not disputed the claim, the acquisition date will be the date specified in the company’s Notice … Continue reading
The Right of First Refusal (RFR) may apply, however, please note that there are certain disposals which are exempt. Where the freehold has been sold and the Right of First Refusal does apply there may be rights of enforcement against … Continue reading
•the leaseholders will manage the building through a company and will need to learn about company procedures or to employ someone to advise them on such matters. •people must be found to be officers of the RTM company, not just … Continue reading