Right to Manage
Understanding RTM and how it can benefit Marine Wharf East
What is Right to Manage?
Right to Manage (RTM) is a legal process that allows leaseholders to take over the management of their building from the freeholder or their appointed managing agent, without having to prove any fault in the current management.
Currently, our estate is managed by GEM Ltd. Through RTM, we as leaseholders could take control of how our service charges are spent and how our buildings are maintained.
Benefits of RTM
- Direct control over service charge expenditure
- Choose your own managing agent or self-manage
- Greater transparency in building management
- No need to prove fault with current management
- Democratic decision-making by leaseholders
Requirements
- At least 50% of qualifying leaseholders must participate
- Building must have at least 2 flats
- At least 2/3 of flats must be held by qualifying tenants
- Form an RTM company limited by guarantee
- Serve formal notices on the freeholder
Our Progress
The MWE Tenants Association is actively working towards RTM. We are currently in the process of building support among owners and gathering the required participation.
Join our association to be part of this effort and have your voice heard.
Join the Association