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Constitution for owners’ management companies post 1 June 2015
The Conveyancing Committee has issued a precedent form of memorandum and articles of association for an owners’ management company (OMC) under the Multi-Unit Developments Act 2011. It is available on the Law Society website under Precedents (no. 22). However, this precedent will no longer be appropriate for use in incorporating new OMCs following the commencement date for the Companies Act 2014, anticipated to be 1 June 2015. Practitioners currently setting up schemes for new multi-unit developments might consider having the OMC incorporated before that date.
The committee is arranging to have drafted a precedent constitution for an OMC under the Companies Act 2014 that will comply with the Multi-Unit Developments Act 2011 and will publish it on the Law Society’s website as soon as it is available.
