The Right to Manage (RTM) is a legal right in the United Kingdom that allows leaseholders of flats in a building to take over the management of their property from the landlord or managing agent, without having to prove fault or mismanagement.

 

Introduced under the Commonhold and Leasehold Reform Act 2002, this right enables leaseholders to form a special company, known as an RTM company, which then assumes responsibility for tasks such as maintenance, repairs, and service charges. To exercise this right, certain conditions must be met—such as a minimum percentage of leaseholders participating—and the building must qualify under the law.

 

RTM empowers leaseholders by giving them more control over how their property is managed and how their money is spent. XL@Property can offer a free RTM service to some leaseholders of estates and blocks of flats where we are appointed as the managing agent. We will complete the whole RTM process, including the RTM company set up, and in some circumstances also pay the freeholders legal costs. This means that the whole process is free to leaseholders.

 

The usual cost of this service is approximately £3,000 to £8,000. XL@Property provide this service for free in order to remove the financial barriers in the RTM process that can sometimes put people off.

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To apply to be considered for the free RTM service, email managers@xl-property.co.uk.

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