Tegenungan waterfall is a natural tourist attraction, where the natural beauty becomes tourist attraction for visitors. Prior to 2015 this tourist object was managed using a tender system. Management with this system has little impact on improving the quality of this attraction. After the management was done directly by the Banjar Tegenungan community, there was an increase in the quality of supporting suggestions such as roads, parking lots and toilets. Increases also occur in the economic, social and environmental fields. So this research is focused on three things, namely: the management of Tegenungan Waterfall tourist attraction, community participation, and the perception of tourists. The purpose of this study is to know the management of tourist attraction   managed by local communities in the village of Kemenuh. The theories used are Management theory, Participation theory and Perception theory. The data used in this study are qualitative data and quantitative data as supporting data. Informants were selected using purposive sampling technique, while sampling respondents based on incidental sampling technique. Local communities manage the Tegenungan Waterfall structured in accordance with the functions and tasks that are divided into management activities. Starting from the planning, organizing, directing, and controlling. In the management of this attraction local people actively participate. Local people are willing to manage their tourism resources because of the results of this management many benefits gained. So there is a beneficial reciprocity of management activities undertaken by local communitiesTourist perception of Tegenungan Waterfall tourist attraction gets the average of good rating, viewed from aspect of attraction of destination, facility of destination, accessibility, image, and ticket price offered. Most visitors who visit this attraction is male tourists, while the age range that visited this place is the most aged 15-29. From this it can be concluded that young tourists are more interested in visiting Tegenungan Waterfall.