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Residential Management Company

  • 16-03-2012 10:18pm
    #1
    jaytobe
    Registered Users, Registered Users 2 Posts: 382 ✭✭


    Own an apartment in Manchester for 4yrs and the current directors (the building property developers and selling agents) of the Residential Management Company (set up as a limited company) want to release to the owners.

    While I know this is common enough, I (along with some fellow Irish owners) am considering applying to be one of the new Directors of the RMC.

    - Does anyone have advice of what one is getting in to here?
    - Is there a min number of directors needed in UK law (2 directors min needed in Ireland)?
    - Will want to sell property as soon as there is some return so will eventually resign from RMC. Is there any issue with leaving the company?

    Finally, we want to get rid of the services company. Costs per annum are £1300, what are others paying? Understand that this is location dependant but want to get a feel.


Comments

  • #2
    Jack B. Badd
    Registered Users, Registered Users 2 Posts: 3,294 ✭✭✭Jack B. Badd


    OP, it sounds like you're seeking legal advice here & really should consult a professional in that area to get sound advice.


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