To qualify, your building must meet the following conditions;
Get in touch to check if your building qualifies and how we can help reach out to your fellow owners.
We will form the RTM company which is a company limited by guarantee.
Its a non-profit company and the vehicle which allows you to exercise your right to manage. At least one owner will act as a director, each member has an equal vote, and their liability is limited to £1 in the event the company was dissolved.
As soon as at least 50% of owners are in support we will serve a notice inviting participation. This notice is served on all qualifying leaseholders who are not, at the time of service, already members of the RTM company and it invites them to participate within 14 days.
The right to manage is exercised by serving a notice of claim on the landlord.
We will serve notice on the landlord and a copy to each qualifying leaseholder. The landlord has 1 month to admit the RTM or serve a counter notice. A counter notice can only be served on the basis the building doesn't qualify.
If the landlord admits the RTM or doesn't serve a counter notice within 1 month, the claim has been successful and you acquire the right to manage your building.
If the landlord serves a counter notice alleging the building doesn't qualify, an application may be made to the first tier property tribunal (FTT) if necessary. The FTT will determine if the RTM qualifies and acquires the right to manage.
You acquire the right to manage if the landlord has either admitted the RTM or has not served a counter notice. The acquisition date is 4 months from the date of the notice of claim.
The landlord can recover their “fair and reasonable” legal costs in dealing with the right to manage claim. Often they don't, but if they do, their costs are around £500-£1,000 based upon our experience.
Copyright © 2020 Crossfield Property Services Limited T/A The RTM Company - All Rights Reserved.
Company number 12418065
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