Right To Manage
Premier Estates – Your Right To Manage Company
Acquiring RTM generally takes around 6 months to complete, at which point Premier Estates can begin managing your development, the way you want it managed.
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Contact us now either by calling us on 0345 491 8899; emailing us at info@premierestates.co.uk, or by filling in our online form.
Right To Manage
The RTM process has a prescribed route which must be followed correctly if the right to manage is to be successfully acquired.
Right To Manage (RTM) is a process whereby a group of leaseholders can acquire the authority to decide how their development or block is managed. Once complete, this process places all responsibility for the management and maintenance of the building onto the new Right To Manage Company (RTM Co), removing this authority from the current decision maker which is usually the freeholder or a management company. In order to be eligible for Right To Manage:
- 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).