Are you a leaseholder in the UK looking to take control of your own block management? If so, the Right To Manage (RTM) process may be the perfect solution for you. In this comprehensive guide, we will walk you through everything you need to know about the RTM process in the UK, including how to get started, the benefits of self-management, and common misconceptions.

Understanding the Right To Manage Process

The Right To Manage process in the UK allows leaseholders of a building to take control of the management of the property from the landlord. This gives leaseholders the power to make decisions about repairs, maintenance, service charges, and more. By exercising your Right To Manage, you can have a direct say in how your building is run, ensuring that your needs and preferences are taken into account.

Benefits of Self-Management through RTM

One of the key benefits of the Right To Manage process is that it empowers leaseholders to have more control over their living environment. Instead of relying on a landlord or property management company to make decisions on your behalf, you and your fellow leaseholders can work together to ensure that the building is well-maintained and that services are delivered efficiently and cost-effectively.
Additionally, self-management through RTM can lead to cost savings for leaseholders. By cutting out the middleman and taking control of the management of the building, you may be able to reduce service charges and other fees associated with traditional block management.

Getting Started with the Right To Manage Process

The first step in exercising your Right To Manage is to check if you qualify. In order to be eligible, at least half of the leaseholders in the building must be on board with the idea. Once you have confirmed that you meet the eligibility criteria, you will need to form a RTM company and serve a formal notice to your landlord.
It's important to note that while the Right To Manage process can be complex and time-consuming, there are professionals who can help guide you through the process. Working with a reputable block management company can make the process much smoother and ensure that you are able to successfully exercise your Right To Manage.

Common Misconceptions About the Right To Manage Process

There are several common misconceptions about the Right To Manage process that may deter leaseholders from pursuing self-management. One of the most common misconceptions is that exercising your Right To Manage will lead to increased responsibilities and liabilities. However, in reality, self-management through RTM can actually simplify the management of the building and give leaseholders more control over their living environment.

Conclusion

In conclusion, the Right To Manage process in the UK offers leaseholders a unique opportunity to take control of their block management and have a say in how their building is run. By understanding the process, benefits, and misconceptions associated with RTM, you can make an informed decision about whether self-management is right for you. If you are considering exercising your Right To Manage, be sure to seek guidance from professionals who can help you navigate the process successfully.