Right To Manage company formations
This a new type of company and is often used in place of a flat management company. It will represent the interests of owners of dwellings that share common areas or rights, typically flats, to participate in the running of the common areas or exercising their rights of access.
Unlike a flat management company there are no shareholders but instead rights of membership are conferred on the parties concerned. The flat owners may force the managers of the building to accept the setting up of such companies. It has special Memorandum and Articles of Association and may require specific clauses within the M&A. These companies are normally set up on the advice or under the guidance of a solicitor familiar with property law.
When ordering such a company please remember to specify that you require a Right To Manage company and advise us of any specific matters that may need to be included. Right To Manage companies are not available off the shelf.
If you would like more information, please contact us.