next phases - new management companies or do they join existing company?

[AKA]

Hi all,

• Will the additional houses for 2 parallel phases become part of our 2 managment companies? Or will 2 new companies be formed for the next phases?

We have 2 developers, 2 builders and 2 management companies - 1 company for each builder - management company combination. Both companies use the same agent.​

We're just wondering if we will soon have 4 management companies for a small estate of mainly houses and if there are any objections we can make at planning permission stage.​

• Are a group of smaller companies easier to manage by residents association and/or agent?

• How does work for apartment buildings only - is there one company for each large block of apts or one company for the whole complex?

Cheers.

 

[xb_deai]

Depends on what developer wants but normally different company with same agents so it would be xxxx management company 1 ltd., xxxx management company 2 ltd and so on.

 

[AKA]

Sounds messy and expensive. A small estate can end up with 4 management companies, each registered with CRO, each having to have their own set of accounts.