Can Leaseholders Use the Right to Manage Without Buying the Freehold?

If you're a leaseholder wondering whether you can take control of your building without purchasing the freehold, the answer is often yes . The right to manage allows qualifying leaseholders in England to take over the management of their building without needing to buy the freehold or prove that the current landlord has done anything wrong. This legal right gives leaseholders greater control over how their building is managed, maintained, and financed. What Is the Right to Manage? The right to manage (RTM) is a legal process introduced under the Commonhold and Leasehold Reform Act 2002. It enables qualifying leaseholders to form a Right to Manage company and assume responsibility for managing the property. Unlike collective enfranchisement, where leaseholders purchase the freehold, the right to manage only transfers the management responsibilities. The freeholder continues to own the building, but the RTM company becomes responsible for arranging maintenance, repairs, insurance,...