Setting up a
Right-to-Manage (RTM)
Company

• Allows residents to take control from a bad landlord or managing agent
• Empowers leaseholders to take responsibility for the management of their block
• Avoids the need to go through the Leasehold Valuation Tribunal (LVT) to prove fault with the current management company

When should it be used?

Setting up a RTM company is a significant step. It should be considered when there are serious issues that cannot be resolved by discussion with the managing agent. Such issues might include:

• Consistent failure of the production of accounts
• Inappropriate use of contingency funds
• Failure to carry out building maintenance
• Failure to comply with legal requirements