Management Companies
Residents’ Management Companies (RMCs) do much of the long-term work of running a residential development: owning and maintaining communal areas, administering service charges and enforcing the covenants that keep a scheme working long after construction is finished. Set up properly, an RMC keeps a development running well for years.
We act for property developers, landowners and managing agents in setting up and running RMCs, giving practical legal support at every stage, including the eventual handover of control to homeowners.
How we help
We advise on every part of creating and running an effective management company structure, including:
- incorporation of Residents’ Management Companies
- preparation and review of articles of association and constitutional documents
- drafting management company provisions within transfer deeds and leases
- membership and voting rights
- coordinating appointments of directors and company officers
- Companies House compliance
- management of arrangements during the development and sales phase
- transfer of company control from the developer to homeowners once units are sold
Supporting a development through its life
On many developments, an RMC is set up early to make future ownership and management of shared areas and facilities possible. We work with developers to build a structure that fits the development and gives future owners clarity. Our involvement often continues across the life of the scheme, so the management company arrangements are properly documented in plot sales and leasehold transactions, and the governance stays effective as ownership changes hands.
Handover to homeowners
A key moment in the life of an RMC is the transfer of control from developer to homeowners.
We guide clients through it, advising on:
- handover procedures and documentation
- appointment of resident directors
- resignation of developer-appointed directors
- transfer of company records and statutory information
- ongoing governance and compliance obligations
Our aim is an orderly handover that protects everyone’s interests and gives residents a clear framework for managing the development from then on.
An RMC is easiest to get right at incorporation. Putting it right after handover is far harder.
Setting up and handing over a Residents’ Management Company draws on company law and property law together. We can help with both:
If you’re not sure which you need, call us and we’ll point you in the right direction.
