The Right to Manage (RTM) was introduced as part of the Commonhold and Leasehold reform act 2022. It gives Leaseholders control of the management of their property, without having to seek permissions from the Landlord.
The process of setting up a Right to Manage company is a relatively simple one. However, the qualifying criteria and responsibilities involved are more complex and should be understood before setting up your RTM. A good place to start is the Right to Manage Advice Guide, put together by the Leasehold Advisory Service. This comprehensive guide sets out everything from your rights and qualifying criteria to your obligations, and even budgets & planning.