What’s involved in setting
up a RTM company

To set up a Right-to-Manage company, the following conditions must apply:

• The building must be self-contained (separate blocks qualify separately and need individual RTM companies)
• The building must include at least two flats
• At least two thirds of the flats must be let to qualifying tenants, that is leaseholders whose leases were originally granted for an original term of more than 21 years
• The non-residential part of the building must not exceed 25% of the total floor area
• The participating residents must comprise at least 50% of the relevant flats

How to set up an RTM

Setting up a RTM is a major step and it should be preceded by serious discussion and research by leaseholders and their families. The Leasehold Advisory Service produces a leaflet which explains the process you will need to follow.
www.lease-advice.org.

Can Peverel Retirement help?

If you choose the RTM route and are not in a development already managed by Peverel Retirement, you can opt to appoint us as your managing agent. Please contact our Business Development Teams at our New Milton or Glasgow offices for further information.