Management Company Articles Of Association Template for Ireland

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Key Requirements PROMPT example:

Management Company Articles Of Association

"I need Management Company Articles of Association for a new eco-friendly residential development in Dublin with 150 apartments, incorporating specific provisions for sustainable property management and green energy initiatives to be implemented by March 2025."

Document background
Management Company Articles of Association are essential for any property management company operating in Ireland. This document is required when establishing a management company to oversee shared spaces, facilities, or services in residential, commercial, or mixed-use developments. It must comply with the Companies Act 2014 and, where applicable, the Multi-Unit Developments Act 2011. The Articles detail crucial aspects such as membership rights, service charge calculations, sinking fund provisions, voting procedures, and director responsibilities. They are particularly important in multi-unit developments where the management company holds common areas in trust for property owners. The document needs regular review to ensure it remains aligned with current legislation and meets the evolving needs of the property and its stakeholders.
Suggested Sections

1. Preliminary: Interpretation, definitions, and application of regulations

2. Company Name and Type: Statement of company name and type (e.g., Company Limited by Guarantee)

3. Objects: Primary purposes and objectives of the management company

4. Members: Rights, obligations and conditions of membership

5. General Meetings: Procedures for annual and extraordinary general meetings

6. Votes of Members: Voting rights, procedures, and proxies

7. Directors: Appointment, removal, powers, and duties of directors

8. Proceedings of Directors: Board meetings, decisions, and committees

9. Secretary: Appointment and duties of the company secretary

10. Service Charges: Calculation, collection, and management of service charges

11. Seal: Use and custody of the company seal

12. Accounts: Financial records, audits, and annual returns

13. Notices: Methods of serving notices to members

14. Indemnity: Protection of officers and directors

15. Winding Up: Procedures for dissolution of the company

Optional Sections

1. Sinking Fund: Required if the company manages multi-unit developments under the MUD Act 2011

2. Management of Common Areas: Needed if the company manages shared facilities or spaces

3. Letting and Transfer of Units: Include if there are restrictions on property transfers or leasing

4. Block Insurance: Required if the company handles collective insurance policies

5. Alternative Dispute Resolution: Optional procedures for resolving disputes between members

6. Sub-Committees: Include if the company plans to establish specialized committees

7. Electronic Communications: Optional provisions for virtual meetings and electronic notices

8. Property Manager: Include if external property management services will be employed

Suggested Schedules

1. Schedule 1 - Proxy Form: Standard form for appointing proxies for general meetings

2. Schedule 2 - Service Charge Calculation: Method and formula for calculating service charges

3. Schedule 3 - Common Areas: Detailed description and plans of common areas managed by the company

4. Schedule 4 - House Rules: Regulations for the use of common areas and facilities

5. Schedule 5 - Membership Register Format: Template for maintaining the register of members

6. Appendix A - Plan of Development: Maps and plans showing the property boundaries and common areas

7. Appendix B - Calculation of Voting Rights: Method for determining voting rights based on unit size or other factors

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Mixed-Use Development

Corporate Services

Facility Management

Property Development

Legal Services

Relevant Teams

Legal

Corporate Governance

Property Management

Operations

Facilities Management

Administration

Compliance

Board of Directors

Company Secretariat

Real Estate

Relevant Roles

Property Manager

Company Director

Company Secretary

Legal Counsel

Corporate Governance Officer

Facilities Manager

Real Estate Manager

Operations Director

Compliance Officer

Managing Director

Estate Manager

Property Services Manager

Company Administrator

Board Member

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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