The term "management company" can be confusing as it is used to describe different entities in different situations. It can refer to a professional maintenance company or to a residents company responsible for organising maintenance charges. There can also be several management companies involved in the management of a property.
In certain cases, you may be required to become a member of a management company or even a director or secretary.
Your obligations as a director and the regulations for the day to day running of the company are set out in a legal document called the articles of association. You should ask to see a copy of these before agreeing to become a director.
If you would like further clarification or assistance, call our property lawyers for free and without obligation.
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