What Is Right to Manage (RTM)?

How RTM Works

Leaseholders can form an RTM company and take over management responsibilities from the freeholder.

The RTM company becomes responsible for:

• Maintenance of communal areas

• Service charge administration

• Building insurance

• Contractor management

The freeholder still owns the building but no longer manages it.

Eligibility for RTM

For a building to qualify for RTM, certain conditions must usually be met:

• At least two flats in the building

• At least two-thirds of the flats held on long leases

• At least 50% of leaseholders participate in the RTM company

Specialist advice is often required to ensure the process is handled correctly.

Benefits of RTM

Many leaseholders pursue RTM to gain greater control over how their building is managed.

Potential benefits include:

• Improved management standards

• Greater transparency in service charges

• More control over maintenance decisions

However, managing a building also brings legal and financial responsibilities.

Professional Management for RTM Companies

Many RTM companies appoint professional managing agents to handle day-to-day management.

At Regal & Co Management, we work with RTM companies to provide structured, transparent, and compliant block management services.