1354. RTE companies; in general.

The Commonhold and Leasehold Reform Act 2002 prospectively amends the Leasehold Reform, Housing and Urban Development Act 1993 so as to replace the 'nominee purchaser'1 with the 'RTE company' as a means of conducting the proceedings for collective enfranchisement and acquiring the freehold2. A company is to be an RTE company in relation to premises if it is a private company limited by guarantee3 and its articles of association state that its object, or one of its objects, is the exercise of the right to collective enfranchisement with respect to the premises4; but it is not to be an