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Articles of Association for Flat Management Company

osulle
Posts: 3 Newbie
Hi All
Myself and my fellow leaseholders in a four flat block are in the process of buying the freehold from the Council and we need to set up a management company to hold the freehold.
I have searched the web extensively but can't find a template for the Memorandum and Articles of Association appropriate for a flat management company, and am reluctant to use an off the shelf company formation service.
Any help or advice would be gratefully received, many thanks
Myself and my fellow leaseholders in a four flat block are in the process of buying the freehold from the Council and we need to set up a management company to hold the freehold.
I have searched the web extensively but can't find a template for the Memorandum and Articles of Association appropriate for a flat management company, and am reluctant to use an off the shelf company formation service.
Any help or advice would be gratefully received, many thanks
0
Comments
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Can you ask a friend who already has a flat management company for a copy of theirs and base yours on that?0
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Unfortunately I do not know anyone who has a flat management company, hence the request on here.0
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Just do it directly with Companies House using their online service and their model M&A's. You don't need anything different or more specialised for a freehold management company.
https://ewf.companieshouse.gov.uk/f34500b7d249f786000a0fe25fc1adf2/runpage?page=welcomeIf you feel my comments are helpful then I'd love it if you 'Thanked' me!0 -
You do need specialised memo and articles because it is critical that membership/shareholding is confined to those who own flats in the development and anyone ceasing to own a flat is disqualified from membership.
It isn't that expensive to buy a ready made company for your own development - see e.g. http://www.fcls.co.uk/company_flats.asp who charge £170 for Flat Management Company limited by guarantee.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Richard
How can I get hold of a sample set of memo and arts to ensure I have the correct clauses covering issues of membership, and the requirement to transfer your share when you sell your leasehold to the new lessee.
I did set up an off the shelf company that allegedly had specific mem & arts for a flat management company, but it looks like it is just table A, ie no reference to a flat management company.
I either now have to amend the articles, or bin the company and have another one set up.0 -
As I said for £170 you can buy a ready made company with all the appropriate provisions. In the grand scheme of things I think you would find it more hassle mucking around trying to change the memo and arts of an existing company.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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