What Is a Resident Management Company (RMC)?

What Is an RMC?

A Resident Management Company is a company formed by leaseholders to manage the communal areas of a residential building.

Directors of the company are typically leaseholders within the building.

The RMC may either:

• Manage the building directly, or

• Appoint a professional managing agent to manage the property on its behalf.

Responsibilities of an RMC

An RMC is responsible for ensuring that the building is properly maintained and managed.

This may include:

• Managing service charge funds

• Maintaining communal areas

• Ensuring building insurance is in place

• Complying with health and safety regulations

• Appointing contractors and managing agents

These responsibilities are often supported by a professional managing agent.

Role of Directors

Directors of an RMC have legal responsibilities under company law.

Their duties include:

• Acting in the best interests of the company

• Ensuring financial transparency

• Overseeing property management decisions

• Working with managing agents and contractors

Serving as a director can be time consuming, which is why many RMCs appoint professional managing agents.

Support from Regal & Co Management

At Regal & Co Management, we work closely with Resident Management Companies to provide professional property management support while ensuring directors remain informed and involved in key decisions.