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Property Management Company

Company Registration Pack

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£38.99
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Form a Property Management Company Online

If a landlord/freeholder is looking to sell their interest in a building or group of buildings, tenants often form a property management company as the vehicle with which they purchase the property's freehold.

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Property management company formation - summary

The types of property most often bought by property management companies are commercial properties, blocks of flats, or housing estates which are divided into units. Each of these units is normally owned by a company or a person who may trade or live in that unit or lease/rent it out.

Property management companies also take responsibility for the repair and maintenance of property and land - "the facilities". These responsibilities include but are not limited to cleaning costs, decoration of common areas, grounds maintenance, garden maintenance, caretaking, security, roof repairs, gutter repairs, lifts maintenance, and more. Property management companies are responsible for paying insurance, rates, and other taxes.

Property management companies do not always buy the freehold from a landlord - they sometimes purchase the head lease instead. The company then issues sub-leases to unit holders who pay the property management company for the provision of services. In this situation, the head lease holder is still responsible to the freehold owner of the building and/or land.

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). Please indicate when ordering which type of company you'd prefer us to set up for you.

For help and advice on forming a property management company, please call us on (telephone number) or email us at (email address).

Property Management Company Pack Includes:

  • Filing fee inclusive - we pay the Companies House filing fee on your behalf
  • Fastest service - property management company incorporated within 2-6 hours (depending on Companies House)
  • Instant submission - no signature or paperwork
  • Our bespoke Articles package allows you to upload your own personalised Articles or to use Your Company Formation's legally-checked Articles
  • Certificate of Incorporation delivered by email and 4 copies on high quality paper
  • Memorandum and Articles of Association delivered by email and 4 copies on high quality paper
  • Shareholder or guarantor certificates delivered by email and on high quality paper
  • Free business account with cashback (subject to acceptance)
  • Free merchant account with cashback (subject to acceptance) (allowing you to accept debit and credit cards)
  • Free online company manager - manage your property management company online and receive company alerts and reminders
  • Free support for the life of your company
  • Free review - our team will review and check your order prior to dispatch to Companies House
  • Google AdWords - spend £25 and receive a free £75 voucher to spend marketing your property company online
  • Internet presence starter kit - we'll pay for your .co.uk or .com domain name for the first year

Property Management Company

Limited By Shares

£38.99
ORDER PACK

Property Management Company

Limited By Guarantee

£38.99
ORDER PACK

Incorporating a Right to Manage company – our service

More reasons to buy this package

Instant submission to Companies House

Our service is automatic - when you complete your property management company registration on our website, we'll check the details and submit them straight away to Companies House. As soon as they have approved the documents and you have been incorporated, we'll email you to let you know.

All fees included in the price

Companies House charge for the registration of property management companies - all Companies House fees are included in our price. Your Company Formations has always had a transparent pricing structure so you know what you're paying for and how much it costs before you choose to use us.

Official documents emailed to you

By choosing our right to property management company formation package, you'll receive electronic copes of your Certificate of Incorporation, your Memorandum of Association, your Articles of Association, and your Shareholder or Guarantor certificates.

Ready to trade

In nearly all circumstances, you'll be ready to start trading on the same day that you form your right to property management company through us.

Free cash back

For every property management company, it's important to have a bank account to handle company cash to pay suppliers and contractors and to offer merchant facilities so that you can take payments from domestic and commercial tenants. We can organise both for you and pay you (or an organisation of your choice) up to £55 cash back.

Ongoing support and advice

We have always provided free support and advice to all of our clients via telephone, email, and our website chat portal. We work with clients before, during, and after the set-up of their property management company.

Free online company manager

You can easily manage your property management company using our internet portal. It's easy to make changes to your company details when needed and our service saves you additional costs and fees in the future.

We can even fund your startup with cashback rewards

SEE OUR GREAT CASHBACK OFFERS INCLUDED WITH ALL COMPANY FORMATION PACKAGES. RECEIVE UP TO £100!*

Frequently Asked Questions

Answers to Common Concerns

Property management company formation - frequently asked questions

Q
What are the benefits of a property management company I have a share in taking over the management as head lease holder and/or the freehold of the building or buildings I'm in?
A

One problem many tenants or commercial leaseholders have with their freeholder or their freeholder's managing agent is their lack of availability when needed. Sometimes, substantial sums of money are paid into a sinking fund while the fabric of the building is left to slowly deteriorate over time. Often, even if something requiring repair is reported quickly, it can be days or weeks before it is seen to by a contractor because the nature of the issue requiring repair is low down a freeholder or managing agent's priority list.As the part or full owners of a property management company, you have more say over the common areas and their upkeep, the service charges you pay, the managing agent you choose, and over the eviction of problem tenants.

Q
Should a property management company limited by shares or by guarantee?
A

There is little difference between the two other than that a company limited by shares has shareholders and a company limited by guarantee has guarantors.If you are forming a property management company with the purpose of acquiring a building and the land around it, you may wish to consider a company limited by shares as this gives a more definite type of ownership of the building and land.A company limited by guarantee is generally easier to administer, especially if there is a high turnover a tenants within a building. If you choose this structure, you will normally be entitled to a vote at board meetings for each unit you hold within a building.

Q
What information do I need to share and update with Companies House?
A

A property management company has to meet the same requirements as other companies of its type under the Companies Act 2006. You must keep registers on the company's members, directors, secretaries, and charges and those registers must be made available for inspection by anyone wanting the information. If your property management company is a company limited by shares, you will also need to keep a register of directors' interests, share allotments, and share transfers.You must notify Companies House when any details of the company change including on issues of share sales, share transfers, changes of directors, and directors' service address changes.

Q
Do property management companies need special Articles of Association?
A

As a general rule, 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, and so on. You should also consider making provision in the Articles for future purchases of land, particularly adjacent land. You may also structure the articles for the issues of different share classes and attached voting rights.

Q
Do I need to file a confirmation statement for my property management company?
A

Yes - you must file these annually.

Q
What happens if the property management company buys a building and is then struck off the register at a later date?
A

The freehold will pass to the crown and the tenants may face severe difficulty selling on their units to others.

International Packages for Non-Residents

Our International Packages are perfect if you're located outside of the UK but wish to do business here. Simple, fast and reliable, it couldn't be easier.

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