Page 3 - right_to_manage

A step by step guide to right to manage 2

Step 2 - What is an RTM Company?

Forming your RTM Company is a simple process, requiring the co-operation of just two
leaseholders who are willing to become directors. (For help with recruiting members see
STEP 1).

An RTM Company is a recognisable legal entity created to manage an estate. Because you
must name your RTM Company on the Claim Notice you will be asked to submit, before
you can do anything else, you must first set up your company. This is a formally
constituted legal company of which those leaseholders who participate become
members.

The RTM Company must be limited by guarantee (as opposed to shares) and should bind
leaseholders to the compulsory Memorandum and Articles of Association (the rules
governing how the company is run and what it can and cannot do).

Unless your RTM Company is set up in accordance with the Commonhold and
Leasehold Reform Act 2002, your RTM claim will fail.

Want us to fill in the paperwork and set up your RTM Company for you?

Call our Solicitor on 08708 999 595 for full fees, all steps:

View Right to Manage Costs Now

Step 3 - The Participation Notice

www.leaseholdguidance.co.uk Solicitors | Surveyors | Accountants | Property Managers
Tel: 0207 428 1977 Presented by the Ringley Group