Limited company flat management articles
A flat management company, or property management company, is any company set up under the Companies Act to operate for the benefit of residents (or tenants), rather than run as a business for profit.
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What else is required to set up a flat management company?
Similar to any other business, a flat management company will have a structure. This will usually comprise one or more directors and a company secretary. The leaseholders of the flat act as members of the company and will take on these responsibilities. They must also deal with the running, repair, and maintenance of the common parts of the building, either themselves or by appointing an agent to carry out the day-to-day work.
It’s also important to note that residents appointed as directors of the company will have legal responsibilities. These include sending details to Companies House about any changes to the company, such as when directors are added or removed. They must also file the company’s annual accounts and a confirmation statement every year.
For detailed advice on this, including how to deal with the landlord of a property, you can contact the Leasehold Advisory Service.
Limited Company Flat Management
Also sometimes called a right-to-manage company, where residents can jointly run a property.
£49 +VAT
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£50 UK Companies House fee will be added.
Formation
- UK private limited company formation
- Custom memorandum and articles
- Fast online processing (no signatures needed)
- Digital company documents
- London registered office address
- Director's service address
- Web authentication code
- Printed official documents
- Corporate hijack protection
- Pre-submission review
Free
- Business bank account (conditions apply)
- Startup guides
- Accountant consultation
- Digital marketing consultation
- Online company manager
- Lifetime customer support
- Free .co.uk domain
Frequently Asked Questions
What are flat management articles of association?
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Flat management articles of association are specialised governing documents designed for residential management companies that manage blocks of flats, apartments, or residential developments. These articles include comprehensive provisions for property management, maintenance responsibilities, service charge collection, and all unique legal requirements for managing shared residential properties and common areas.
Why do flat management companies need specialised articles?
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Standard company articles cannot address the unique requirements of residential property management including service charge collection and accounting, maintenance of common areas, complex insurance arrangements, reserve fund management, compliance with residential property regulations, and specific voting processes for property matters. Specialised articles ensure proper governance and legal compliance.
Who typically uses flat management companies?
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Freeholders of residential blocks, leaseholder groups taking control of building management, property developers creating management structures, residents' associations formalising arrangements, property management companies, community groups managing shared facilities, housing associations, and mixed-use development owners managing residential components.
How do flat management articles protect leaseholders?
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The articles establish transparent decision-making processes, clear service charge procedures, proper consultation requirements for major works, dispute resolution mechanisms, financial transparency obligations, and voting rights protection. This ensures leaseholders have proper oversight and control over their property management.
Are flat management articles suitable for all residential properties?
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Flat management articles are designed for multi-unit residential properties with shared areas and facilities. They're ideal for apartment blocks, residential developments with common areas, mixed-use buildings with residential components, and properties requiring formal management structures for service charges and maintenance coordination.
What are the compliance requirements for flat management companies?
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Companies House annual filings, residential property management licensing, service charge consultation requirements, health and safety obligations, building safety compliance, insurance requirements (buildings and public liability), transparent financial reporting, GDPR compliance for resident data, and adherence to evolving building safety regulations.
What provisions are included in flat management articles?
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Service charge collection and management procedures, maintenance and repair responsibilities, reserve fund management, insurance requirements, leaseholder voting rights, decision-making processes for major works, dispute resolution mechanisms, compliance with residential property regulations, and transparent financial reporting requirements.
