Right to manage: Difference between revisions

In [[England and Wales]], the [[Commonhold and Leasehold Reform Act 2002]] provides a right for [[lease]]holders to change the appointment of the management of their building to another provider, by setting up a special company to take over from the freeholder those rights of appointment of management of the building.<ref>{{cite web | url=https://www.gov.uk/right-to-manage-a-guide-for-landlords/the-right-to-manage | title=Right to Manage: A guide for landlords }}</ref> This '''right to manage''' (<abbr>RTM</abbr>) lets some leasehold property owners take over management of the building - even without the agreement of the [[landlord]]. To use the right, [[Leasehold estate|leaseholders]] must set up an <abbr>RTM</abbr> company and follow certain procedures. The <abbr>RTM</abbr> company can manage the building directly, or pay a managing agent to do it. An RTM company is a way to deal with the issue of absentee landlords. [1]