Right to Manage - The Commonhold and Leasehold Reform Act 2002

<p> The Commonhold and Leasehold Reform Act 2002 confers on qualifying leaseholders of flats a right to establish and join a “Right to Manage company” (RTM company) which can then exercise the management functions of the freeholder. Since the Companies Act 2006, an RTM company is required to have a governing document, known simply “the articles.” The Right to Manage Companies (Model Articles) (England) Regulations 2009&nbsp; prescribe the form of articles for RTM companies in England. All new RTM companies are bound by the new articles and all existing companies have until September 30, 2010 to adopt them. The DCLG has also issued guidance on the application of the new regulations. </p>