In what year was the statutory Right to Manage (RTM) for leaseholders in qualifying blocks of flats established?

The statutory Right to Manage (RTM) for leaseholders in qualifying blocks of flats was established in 2003 through the Commonhold and Leasehold Reform Act. This significant legislation provided leaseholders the ability to take over the management of their building without having to prove any fault on the part of the current management. This advancement aimed to empower leaseholders and encourage more effective and responsible management of residential properties.

The establishment of the RTM has been crucial in improving tenant rights, as it allows leaseholders to manage their own properties collectively, potentially leading to better maintenance and service delivery. Prior to 2003, leaseholders lacked a formal mechanism to independently manage their flats, which often resulted in dissatisfaction with management practices. The implementation of the RTM thus marked a pivotal moment in leasehold reform in England and Wales.