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Terms made simple

Right to Manage (RTM)

A statutory right in England and Wales allowing qualifying long leaseholders to collectively take over the management of their building from the landlord, without needing consent or proving mismanagement.Introduced by the Commonhold and Leasehold Reform Act 2002, leaseholders form a Right to Manage (RTM) Company to handle all aspects of the building's management (e.g., service charges, maintenance, repairs).This grants leaseholders greater control and transparency

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