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Right to Manage (RTM) Companies (£51.99 + vat)

Right to Manage RTM Company

Introduction

The Right To Manage company provides a means for the flat owners within a common premise to manage their own affairs in relation to the upkeep and management of their flats.

The RTM is a provision of the Commonhold and Leasehold Reform Act 2002 and enables the flat owners to become members of a Limted (not for profit) company that can exercise control over the insurance, repairs, service charges and general maintenance of their premises.

What do we need to setup an RTM Company?


In order to establish a Right To Manage Company you must be able to meet the following minimum requirements:
  • The building must include a minimum of two flats.
  • At least 66% of the building must be let to qualifying tenants.
  • If the property is partly used for commercial reasons then no more than 25% should occupy the total floor space of the premises.
  • To qualify membership each tenant must be a leaseholder whose lease was originally granted for an original term of more than 21 years.
  • The required minimum number of qualifying tenants must be equal to at least half the total number of flats in the building.


Setting up the RTM Company


This is where we can help you. An RTM company must be limited by guarantee (not for profit). We can electronically register a Limited by Guarantee Company direct with Companies House and incorporating the prescribed memorandum and articles of association applicable for an RTM company.


Price quoted includes £3 off your first order

Click here to start a Limited By Guarantee Application

We've being incorporating UK companies for over 10 years.
Click here to view our customer testimonials.


Obtain a template Memorandum and Articles of Association for your RTM Company.

You can order our Right to Manage Memorandum and Articles template pack to register direct with Companies House. These Articles have been drafted specifically for an RTM Limited by Guarantee Company.

Click here to order our RTM company formation pack

If you require any further clarification on our products and services please contact us.
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