---
title: "Residents' Management Company (RMC) — UK Leasehold Glossary"
url: https://manage.management/glossary/residents-management-company-rmc
description: "A company, usually owned by the leaseholders, that is responsible under the lease for managing the building and its services. Unlike an RTM company, its powers come from the lease rather than statute, and it may or may not own the freehold."
category: "Management & Block Finances"
publisher: Manage.Management
language: en-GB
---

# Residents' Management Company (RMC)

A company, usually owned by the leaseholders, that is responsible under the lease for managing the building and its services. Unlike an RTM company, its powers come from the lease rather than statute, and it may or may not own the freehold.

## Related Management & Block Finances Terms

- [Service Charge](https://manage.management/glossary/service-charge): Payments made by leaseholders to cover their share of the costs of maintaining, insuring, and managing the communal parts of the building.
- [Freehold / Management Company](https://manage.management/glossary/freehold-management-company): A company, often owned by the leaseholders, that owns the freehold and/or is responsible for managing the building.
- [Memorandum and Articles of Association](https://manage.management/glossary/memorandum-and-articles-of-association): The legal documents (often shortened to "mems & arts") that set out the rules and governance for a company, such as a freehold, residents' management or RTM company. The memorandum records the company's formation; the articles set out how it is run.
- [Assured Shorthold Tenancy (AST)](https://manage.management/glossary/assured-shorthold-tenancy-ast): The most common rental contract in England for short-term tenancies.
- [Estate Management](https://manage.management/glossary/estate-management): The overall management of the communal areas and services within a larger estate that may contain multiple buildings.
- [Holding Deposit](https://manage.management/glossary/holding-deposit): A payment made by a prospective tenant or buyer to reserve a property.
- [Insurance Cover](https://manage.management/glossary/insurance-cover): The building's insurance policy, paid for via the service charge, which covers risks like fire and flood.
- [Management Audit](https://manage.management/glossary/management-audit): An independent review of the property's management and financial accounts, often requested by leaseholders.

[All 155 UK leasehold glossary terms](https://manage.management/glossary)