Property management companies Camberley Wokingham London

Property Management Company

A property management company is set up to manage the shared or common areas of a building or development in which a number of separate property owners (most commonly but not exclusively residential properties) live. 

Often the separate property owners will own the units and to manage the shared areas (such as the lifts, stairs, roof, exterior, corridors, landscaped areas, car parks and so on) a management company will be set up.

Property management company handovers
Usually, the management company will be set up and owned by the property developer. On sale of the last property in the development, the property developer can instruct Herrington Carmichael to ‘handover’ the management company to the property owners as the developer should not have a say in the running of the management company once all properties have been sold.

How to set up a property management company
Sometimes management companies are set up later by property owners to manage an area of land that they become responsible for at a later date. Speak to our team if you would like guidance on how to do this.

Property management services
Once the management company has been handed over we can act as registered office and can also transfer shares when a property is subsequently bought or sold.

  • incorporation advice of a management company
  • Creation of the management company’s statutory books
  • Handover of the management company from the developers to the homeowners
  • appointing new directors
  • acting as registered office
  • answering replies to enquiries from a new purchaser looking to buy a property connected to the management company
  • transferring shares in the management company when a property is bought or sold.

For specialist legal advice please contact Michelle Lamberth on 0118 989 9706 or by email at michelle.lamberth@herrington-carmichael.com

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PODCASTS: Property Management 

At the Legal Room UK we will be using a diverse range of our specialist lawyers and business friends to bring you expertise and insight on a variety of topics on a range of topics from commercial law, to property law, employment law and more.

What is a property management company?

In this podcast we considered what a property management company was and who benefitted from it.

What happens after a management company has been handed over by developers?

Episode 2: Property owners, managing agents and developers often ask us questions, here we start a series of podcasts to help.

Transfer of property management from developers to property owners

Episode 1: Property owners, managing agents and developers often ask us questions, here we start a series of podcasts to help.

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    We are solicitors in Camberley, Wokingham and London. In 2019, Herrington Carmichael won ‘Property Law Firm of the Year’ at the Thames Valley Business Magazines Property Awards, ‘Best Medium Sized Business’ at the Surrey Heath Business Awards and we were named IR Global’s ‘Member of the Year’. We are ranked as a Leading Firm 2022 by Legal 500 and Alistair McArthur is ranked in Chambers 2021.

    Camberley
    Building 2  Watchmoor Park, Riverside Way, Camberley, Surrey  GU15 3YL
    +44 (0)1276 686 222

    London (Appointment only)
    60 St Martins Lane, Covent Garden, London WC2N 4JS
    +44 (0) 203 755 0557

    Wokingham (Appointment only)
    4 The Courtyard, Denmark Street, Wokingham, Berkshire RG40 2AZ
    +44 (0)118 977 4045

    info@herrington-carmichael.com

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