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Understanding Residents Management Companies

summary

Its quite common for a block of flats to be owned or managed by a company made up of the leaseholders. These are usually known as Residents Management Companies (RMCs) or Right to Manage Companies (RTMs).

Being a leaseholder and being a shareholder or member of an RMC is not the same, even though you could be both. RMC directors need to keep a clear distinction between the two roles when making decisions.

In this Advice Note, well take a look at some of the differences between the two roles and how this can affect the way your block is run.

Download the full Advice Note above...

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16/07/2014

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8/06/2016

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