Right to Manage: a guide for landlords
Qualifying
To qualify for Right to Manage:
- the building must be made up of flats (houses don’t qualify)
- at least two-thirds of the flats in the building must be leasehold - with leases that were for more than 21 years when they were granted
- at least 75% of the building must be residential - for example, if there’s a shop in the building, it can’t take up more than 25% of the total floor area
- you must live somewhere else if there are less than 4 flats in the block - unless the block was purpose-built as flats, rather than converted from another type of building
- any number of owners can set up an RTM company - but at least half of the flats in the building must be members of the company before it can actually take over management