Right to Manage (RTM) & Resident Management Company Setup.
Establish the Right Company for Your Leasehold Property Management Project.
Understand the difference between a Right to Manage company and a Residential Management Company before preparing your property-management company formation.
- Identify your property-management requirements: Consider the building, leasehold arrangements, participating leaseholders and the management responsibilities your proposed company is intended to undertake.
- Understand the appropriate company structure: Distinguish a Right to Manage (RTM) company from a Residential Management Company (RMC), residents' management company, freehold management company or Company Limited by Guarantee (CLG).
- Consider the statutory RTM requirements: If leaseholders intend to pursue the Right to Manage, the building, qualifying participants and applicable statutory procedure must be considered separately from incorporation.
- Prepare your company information: Organise the proposed company name, directors, members, registered office details and other information required for the relevant formation application.
- Plan for governance and ongoing compliance: Consider the company's constitutional arrangements, member participation, statutory filings and continuing company-administration responsibilities.
- Professional company formation support: Coddan, an Authorised Corporate Service Provider (ACSP), can assist with the corporate formation process and applicable Companies House requirements within the agreed service scope.


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