Right to Manage

The Right to Manage (RTM) is a legal process allowing leaseholders of a building to take over responsibility for managing their property from the landlord. If enough leaseholders in a building agree, they can establish a RTM company, which then gains the legal right to handle tasks like maintenance, service charges, and repairs. This process empowers residents to have more control over their building’s management without needing the landlord's direct involvement, promoting better oversight and potentially reducing costs. The RTM process usually requires meeting specific legal criteria and following formal notification procedures.