Right To Manage Companies

The right to manage gives leaseholders in apartment blocks the ability to take control of how their building is run. It is a powerful legal right that enables residents to form their own Right To Manage company and make decisions about services, budgets and maintenance.

For many leaseholders, this is a positive step towards greater control, transparency and accountability. But with increased control comes added responsibility! 

Directors of Right To Manage companies must deal with complex and time consuming legal, financial and health & safety compliance duties, and much else besides, often without prior experience.

This is where a reputable managing agent such as Rendall & Rittner can help. With over 35 years of experience, we provide expert support to hundreds of resident-led companies across the UK. 

Our people-led approach ensures RTM directors have professional guidance tailored to their needs, whilst residents benefit from well-run, safe and welcoming homes. 

Backed by our resources and accreditations, and our regulated by RICS status, and strong values, we are a trusted partner for RTMs who want peace of mind delivered by a locally based team.

New Block

What is right to manage?

The right to manage was created under the Commonhold and Leasehold Reform Act 2002. It gives leaseholders in apartment buildings the legal power to take over management responsibilities from their landlord or existing agent. Importantly, leaseholders do not need to prove poor management to exercise this right.

To qualify, the building and leaseholders must meet certain conditions. These include:

  • The block must contain at least two flats.
  • At least two-thirds of the flats must be held on long leases.
  • A minimum of 50% of leaseholders must support the application.

Once formed, the right to manage is exercised through a company run by leaseholders, usually as directors. This company takes over duties such as arranging maintenance, collecting service charges and ensuring compliance with building and fire safety regulations.

The benefits are these:

  • More control over how money is spent.
  • Greater transparency on service charges and decisions.
  • Stronger influence on day-to-day management.

However, these responsibilities come with challenges. Directors must comply with company law, meet health and safety duties and manage finances correctly. Without expert support, it can be difficult to balance legal obligations with the expectations of residents.

For many, appointing a professional managing agent is the most effective way to guarantee their right to manage delivers the intended benefits.

 
 

FAQs

What is a Right To Manage company?

A Right To Manage company is a legal entity formed by leaseholders under the Commonhold and Leasehold Reform Act 2002. It allows residents to take over building management from a landlord or existing agent.

Who can set up an RTM?

Leaseholders in qualifying apartment buildings can set up an RTM. At least 50% must support the RTM application and certain legal conditions must be met.  

Can you support those seeking the right to manage?

Yes, we can help leaseholders to set-up an RTM company. Just submit a quick new business enquiry below and we’ll be in touch.

What responsibilities do RTM directors have?

Directors must ensure compliance with company law, financial reporting and health and safety obligations. They are accountable for decisions made on behalf of the company.

Why should an RTM appoint a managing agent?

A managing agent provides professional support, reduces risks of non-compliance and ensures buildings are maintained to a high standard.

How do you support compliance with the Building Safety Act?

Our dedicated building safety, fire safety remediation and technical support teams help clients understand and meet their obligations. We provide support with safety cases, golden thread records, fire door inspections and resident engagement strategies. This ensures developments meet the latest regulatory standards whilst protecting directors from compliance liabilities.

How does your MyPlace portal help residents in RTM buildings?

MyPlace give residents a central hub for updates, key documents and service requests. It allows residents to track progress of development news, view service charge information and key documents, and choose how they receive notifications. The platforms improve communication and provide peace of mind by keeping everything in one place which is accessible wherever residents are.

What protections exist for client money?

We protect client monies via several measures. Accounts are ring-fenced from R&R's accounts, reconciled daily and covered by the RICS Client Monies Protection scheme. These safeguards ensure that funds are managed responsibly and remain fully protected at all times.

How do you manage contractors and procurement?

We use national frameworks and local procurement to secure the best value. All contractors are vetted for quality, safety and compliance and their performance is monitored regularly. This process ensures clients receive competitive rates without compromising on standards.

Do you provide Company Secretarial services?

Yes. We can act as Company Secretary for RMCs and RTMs, providing a registered office and handling statutory filings. Our in-house specialists also advise on governance matters, supporting directors to meet their legal responsibilities with confidence.

Can you manage large mixed-use developments with amenities?

Yes. We have extensive experience managing large, complex developments with a broad range of facilities such as concierges, gyms, swimming pools, spas, open spaces and commercial uses. Our on-site teams and support systems ensure that every part of a mixed-use scheme is managed to the same high standard.

How quickly can an RTM appoint and onboard you?

Onboarding can begin as soon as the RTM directors decide to appoint us. We provide a clear transition plan to ensure a smooth handover via our Mobilisation team.

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