Right to Manage
Right To Manage (RTM), allows leaseholders to manage all or part of their development. Once complete, the RTM process places all responsibility for the management, maintenance and insurance of the building or development onto the new Right To Manage Company (RTM company) and takes it away from the Freeholder (Landlord) or any existing management company.
If this is something you’re interested in doing, then we can help. The RTM process has a prescribed route which must be followed correctly, but Watson has the expertise both in-house and through our selected partners, to make the process cost-effective and straightforward.
Give us a call today to find out if you’re eligible for RTM and to talk through what the process involves with one of our experts. Here’s a quick eligibility checklist before you do:
Every participating dwelling must be an Apartment
At least 50% of the flat-owners within the physical block of flats must want to go through the process
At least 2/3rds of the flat-owners within the physical block must have long leases (greater than 21 years at the time of issue)
No more than 25% of floor area of the block may be used for non-residential use (excludes car parks and common areas connected with the flats.