Right to Manage: a guide for landlords
Transferring management of the building
If you accept the Right to Manage (RTM) company’s notice, or if you dispute the claim and the Leasehold Valuation Tribunal (LVT) decides against you, the management of the building will transfer to the RTM company.
The date the RTM company takes over management responsibilities is called the ‘date of acquisition’. This will be:
- on the date given on the notice of claim - if you accept the claim
- 3 months after the LVT decision becomes final - if you disputed the claim and lost
- 3 months after agreement - if you originally disputed the claim but later came to an agreement with the RTM company
You must transfer any money you have from service charges on the acquisition date - or as soon after as is reasonably possible.
Ongoing management
The RTM company must tell you at least 30 days before approving:
- assignment (selling or transferring the flat into someone else’s name)
- a sublet
- a charge to leaseholders
If the lease says your consent is needed, the RTM company must give you 30 days’ notice before approving:
- any changes to the structure of the building
- any changes to the use of the building
For other approvals they must tell you at least 14 days in advance.
Read the Leasehold Advisory Service’s guide on The Right to Manage for a detailed explanation of how Right to Manage works.