Empower Your Leaseholders with our Right to Manage Service
Welcome to a world where you control your leasehold property’s management.
The ‘Right to Manage’ can be a powerful shift. But it is an opportunity to exercise your rights and shape your living environment. As a people-first property management company, we aim to stand by your side alongside this journey.
We’re here to illuminate the path to your ‘Right to Manage’.
What Is Right To Manage?
The ‘Right to Manage’ (RTM) is a statutory right given to leaseholders, allowing them to form a company to manage their building’s affairs.
This significant provision was established by the Commonhold and Leasehold Reform Act of 2002, transforming the property management landscape.
As a company, we help leaseholders navigate this legal route to achieve ownership of their properties. Powered by our cutting-edge technology and service, we guide you through the details of invoking and leveraging this right, ensuring an empowered living environment for each client.
Who Is Eligible for ‘Right To Manage’?
Only leaseholders of flats (not houses) that meet certain defined conditions are eligible for ‘Right to Manage’ (RTM). Here are the eligibility criteria;
- Firstly, the premises must be self-contained or part of a building, with at least two-thirds of the flats held by qualifying tenants.
- At least 50% of those tenants must agree to the RTM process.
- The building can’t be more than 25% non-residential, and leaseholders must have a lease longer than 21 years at its start.
Here at LevelUP, we work with you to make this complex process transparent. Helping qualifying leaseholders seize control of their property management.
The Benefits of ‘Right to Manage’
Exercising the ‘Right to Manage’ (RTM) brings a host of benefits to leaseholders. Including;
Personalised Efficient Living Approach; It places the reins of building management into the hands of those who live there.
Improved Living Conditions; Tenants control repairs, maintenance, and management decisions.
Potential Cost Savings; Select or negotiate with service providers directly, reducing maintenance expenses.
The ‘Right to Manage’ Process
- Form the RTM company, ensuring it complies with the legal model outlined in the 2002 Commonhold and Leasehold Reform Act. You will also need to identify leaseholders willing to be directors of the new RTM.
- Serve a formal notice to all qualifying leaseholders, highlighting your intent to take over the property management. This is called a ‘Notice Inviting Participation’.
- Serve the notice of the claim to the landlord. You must give them one month plus service time to issue counter-notices or other disputes.
- If there’s no dispute within the specified time (3 months), management can be transferred to the RTM company.
The case might be taken to the Leasehold Valuation Tribunal if a dispute arises. This ensures fairness and mediates between the parties. This legal body will review the leaseholders’ eligibility and the claim’s legality.
During this process, the RTM company must adhere to the regulatory obligations under company law, and leaseholders retain their responsibilities outlined in the lease.
How We Can Help
‘Right to Manage’ (RTM) doesn’t have to be difficult. A property management company like ours serves as a valuable ally.
We’re committed to making the entire process transparent, guiding you in seizing rightful control over your property. We begin by helping you navigate the RTM process, from establishing the RTM company, through serving notice, to transitioning control. Each step is made clear and handled professionally to ensure understanding and legal compliance.
During potential disputes, our expertise comes into play. We assist in articulating your position, ensuring your voice is heard and your rights are defended. If the case escalates to the Leasehold Valuation Tribunal, we can stand with you, providing the necessary support and guidance.
Our role extends beyond the acquisition of RTM. We assist in fulfilling regulatory obligations and the smooth running of your RTM company. We are your partners in enhancing living conditions, optimising costs, managing service providers, and creating an improved living experience.
We aim to facilitate a seamless transition towards RTM, ensuring that outstanding customer service accompanies you at every stage. With us, you are empowered, supported, and valued.
Contact us to enquire about how we can help you with ‘Right to Manage’.
Right To Manage FAQs
What are the potential challenges in the ‘Right to Manage’ process?
Navigating the ‘Right to Manage’ (RTM) process can encounter hurdles such as ensuring leaseholder eligibility, obtaining agreement from most leaseholders, and serving a correct claim notice. Compliance with legal requirements and potential disputes with the landlord can also pose challenges.
What happens if the landlord disagrees with our ‘Right to Manage’?
If the landlord disputes your claim to RTM, the matter may proceed to the Leasehold Valuation Tribunal. This impartial body will evaluate the dispute and make a ruling. Rest assured, our team will support you throughout this process, providing expert guidance.
How long does it take to get the ‘Right to Manage’?
The RTM process duration can vary, but typically it takes around 3-6 months. This timeline can extend if the case goes to the Leasehold Valuation Tribunal due to disputes.
What rights do I have as a leaseholder under the ‘Right to Manage’?
Under the RTM, leaseholders gain control over the management of their property. This includes maintaining common areas, collecting and managing service charges, and arranging building insurance. You also gain the right to select and negotiate with service providers. We’re here to help you fully understand and exercise these rights, enhancing your living experience and ensuring a smooth transition to RTM.