RMC

Some management companies are limited by guarantee meaning you will need to be a member of the management company. You may be a natural member through the purchase of your property or you may need to apply to become a member. Your management company may also be limited by shares which means that the company secretary issues a share certificate. Your welcome pack that is issued after handover will explain more. If you would like to know more please contact your local property manager.

The management company is set up in the same way as any company with a set of rules and responsibilities called the Memorandum of Articles and Association. This document outlines important information such as how many Directors are needed and if they need to be rotated on an annual basis. Your property manager will take you through the process when the time is right.

The management company will normally start with Directors appointed from your housebuilder. When the development is complete and all obligations to the local authority have been met, an Extraordinary General Meeting shall be held to appoint resident directors. 

The Company Secretary plays a vital administrative role to the Resident Management Company ensuring its compliance to The Companies Act 2006.

A Director in a Resident Management Company (RMC) is appointed in line with the Articles of Association and works with the managing agent. While the managing agent deals with the day to day running of the development the Company Director will liase with the property team to approve or instruct on certain matters such as the annual budget.

How to become a director >>

Please contact your local property manager who can advise.

The current Director of your management company will depend on whether the development has been handed over to you as residents. When the management company is incorporated directors are normally appointed from the housebuilder. They shall then be in situ until they have completed the development and satisfied all legal obligations. An extraordinary general meeting shall then be called to elect directors from within the development. If you would like to know more about your current director please contact your property manager.