Articles Of Association (Freehold Resident's Management Company)
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Articles of associationBusiness activity
Manage residential propertyA company's articles of association are its constitutional documents. They set out the rules governing the internal management of the company, and the rights and duties of its members. The articles are binding on all members of the company, and cannot be changed without the consent of all members.
This template provides a standardized format that residents and property owners can utilize to establish an RMC, which is typically formed when multiple property owners collectively manage and maintain common areas, facilities, and services of a building or estate.
The Articles of Association cover various aspects, including the objectives and purpose of the RMC, the rights and responsibilities of its members, procedures for decision-making, election of directors or committee members, rent and service charges management, privileges and limitations of membership, dispute resolution mechanisms, financial matters, and other operational details.
This legal document is designed to reflect the specific legal requirements and considerations of UK law, ensuring compliance with the relevant legislation, such as the Companies Act, the Landlord and Tenant Act, and any other relevant statutes or regulations. By utilizing this template, individuals and groups can establish a legally recognized RMC, facilitating effective management, governance, and maintenance of communal areas and services within a freehold property, while also safeguarding the rights and interests of all members involved.
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