Opting to become a Director for a Residents’ Management Company (RMC) or Right to Manage (RTM) Company, and steering the regular management and upkeep of your development, is a noteworthy commitment.

We’re acutely aware of the challenges and intricacies that property management imposes on Resident Directors. With our backing of over a decade in managing residences across a range of developments, we’ve gained the expertise to support you.

Our focus is on safeguarding the worth of the homes and developments under our management. This commitment is why we maintain a comprehensive resource arsenal, with our property managers bolstered by dedicated in-house expert teams. From health and safety, surveying, and procurement to finance, legal, and insurance, we ensure all aspects are addressed.

Understanding Residents’ Management Company (RMC)

An RMC is an entity established to safeguard the interests of a residential building’s leaseholders. Typically initiated by the building’s original developer, its composition generally involves equal shareholders or members, primarily the leaseholders.

The RMC oversees the building’s management, maintenance, and adherence to both lease obligations and several statutory mandates (contingent on the lease’s specifics). The RMC’s directors, who serve without compensation and are nominated by the leaseholders, determine the optimal management approach—either through self-management or, more commonly, by engaging a proficient managing agent.

Frequently Asked Questions

What is a Property Management Company?

In 2004 it became a legal requirement for a Management Company to be set up in any development with communal areas. The Management Company is responsible for looking after these communal open spaces, such as grounds and apartment blocks.

When you sign to purchase your property, you also sign a lease/transfer document, and this means you become a shareholder in the Management Company and have a say in how that company is run.

What is a Managing Agent?

A Managing Agent is appointed to ensure the Management Company meets all its legal obligations and requirements. We will also provide legal advice to the Directors and the shareholders on how the Management Company is run.

As Managing Agents, we will provide a fully transparent and professional service ensuring complete value for money services. We are responsible for the calculation and collection of all service charges and for ensuring that all shareholders are bound by their lease/transfer document.