The Right to Manage (RTM) was introduced in 2002 giving flat owners a no fault right to collectively take over the management functions in respect of their building. No premium is payable.
Leaseholders, acting via an RTM company, can take control of services, repairs, maintenance, improvements, and insurance in respect of their building.
It has provided a very useful alternative to collectively acquiring the freehold. A premium is payable for the freehold and the process is much longer.
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