A Property Management (Flat Management) Company is normally incorporated to manage a property or group of properties where there are multiple tenants.

A Property Management Company is normally used to protect the interests of the leaseholders. The company can either be incorporated as a limited by shares or limited by guarantee. We can advise you on the best for your particular needs.

A Property Management Company has its Memorandum and Articles of Association specially drawn up to allow the company to own, manage and administer a freehold property, which is normally divided into several dwelling units or flats.

If the property management company is limited by shares each leaseholder will own a share in the company. The leaseholder will be obliged to transfer the ownership of the share to the new leaseholder when disposing of the property. Whereas if limited by guarantee each leasholder is a member of the company.

 Property Management Company Limited by Shares

If the property management company is limited by shares each leaseholder will own a share in the company. The leaseholder will be obliged to transfer the ownership of the share to the new leaseholder when disposing of the property.

 

Property Management Company Limited by Guarantee

If the property management company is limited by guarantee each leasholder is a member of the company. The leaseholder will cease to be a member of the company when disposing of the property.

Registering a Property Management Company

If you are considering setting a property management company or would like more information about forming a property management company please contact us