The Commonhold & Leasehold Reform Act 2002 came into effect on 30th September 2003 and provides a right to leaseholders in flats to take over the responsibility for the management of their building, known as Right to Manage (RTM).

The RTM Company must be limited by guarantee, and its Memorandum & Articles of Association must follow a specified form as laid down by legislation.

Our fee for the formation of a Right to Manage Company (RTM), starts from £260.00 inclusive of VAT.

For further information, or to discuss your particular requirements, please contact us on 0117 983 6600 or email Damian Wardingley formations@bourse.co.uk.

Right to Enfranchisement (RTE) Company - delayed

The Commonhold and Leasehold Reform Act 2002 (the Act) makes a number of changes to the enfranchisement process, through which tenants can acquire the freehold of the property in which their flats are situated.

The majority of the provisions of the Act, which effectively water down the requirements to exercise the right, have now gone live. However, the implementations of the relevant provisions, which require that the right to enfranchisement be exercised through an RTE company, have been delayed.

We shall of course let you know as soon as these relevant provisions go live, and the RTE Company can be used.