What Is Right to Manage?

Right to Manage, often abbreviated to RTM, is a statutory process that can allow qualifying leaseholders to take over certain management functions for their building without first buying the freehold.

What is an RTM company?

Qualifying leaseholders can establish an RTM company to exercise the right, subject to the statutory requirements. The process has specific eligibility and procedural rules.

What happens after RTM?

An RTM company can become responsible for functions covered by the right, including aspects of maintenance and management. The exact scope depends on the legislation and the building’s circumstances.

Why use a managing agent?

Taking responsibility for a building involves ongoing administration, accounts, service charges, repairs, compliance and communication. An RTM company may appoint a professional managing agent to provide agreed services.

DMS provides property management support for RTM companies and residential developments.

General information: This article is not legal advice; RTM eligibility and procedure depend on the applicable legislation.