A Property Management Company looks after the property portfolio on behalf of their client base.
A service address is needed by every limited company director as an official mailing address.
Services offered by these type of companies include finding and vetting tenants, drawing up legal tenancy agreements, checking on how tenants are looking after the property, dealing with maintenance and repair issues as well as managing financing between the tenants and landlords.
Property management services are very much in demand, with landlords choosing to make their own lives easier, with the added benefit of knowing everything is compliant and legal
What information do I need to provide?
- You must keep a register of the companies' members and directors.
What type of company can PMC be set up as?
Your property management company may be either a company limited by guarantee (not for profit) or a company limited by shares (allowing profits to be distributed to the shareholders).
Do I need special Articles of association?
Property management companies must list in their Articles of Association the company's objects: specifically the configuration of the building and the land and the company's responsibilities for maintenance, repairs, insurance.