Leasehold properties have various covenants, usually contained within their lease. These covenants set out the framework for the administration of the development. It is normal practice for the legal structure to take the form of a ‘Limited Company’ (Residential Management Company).
Residential Management Companies can be Limited either by share or guarantee and it is the requirement of the Residential Management Company to comply with Company Law.
A Limited Company will have a set of rules known as the Articles of Association and this document sets out the rules for appointing officers, such as Directors, Company Secretaries and it specifically states the powers of that company in respect of its day-to-day operation.
Normal duties include:
For commercial and private property management in Kent, click here. To learn more about ARMA and how we work with them to ensure high business standards, click here. For anything else or for any enquiries at all, please contact us today.
Maintaining a register of members, Directors and recording any changes
Completion and Filing of the Annual Return
Issuing notice of meetings and the AGM
Minute taking and Distribution
Share documentation administration, where applicable
Providing a Registered Office and Company Secretary