Right to manage

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In England and Wales, the Commonhold and Leasehold Reform Act 2002 provides a right for leaseholders to change the appointment of the management of their building to another provider, by setting up a special company to take over from the freeholder those rights of appointment of management of the building.^[1] This right to manage (RTM) lets some leasehold property owners take over management of the building - even without the agreement of the landlord. To use the right, leaseholders must set up an RTM company and follow certain procedures. The RTM company can manage the building directly, or pay a managing agent to do it. An RTM company is a way to deal with the issue of absentee landlords. [1]