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Fractional Administration
Back office functions for co-ownership structures
After completion of the sale process, fractional schemes require ongoing management and administration
Lighthouse provides a range of ‘back office’ functions for projects including:
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Filing accounts and returns with the Registrar of Companies
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Administration of usage rights
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Liaising with and overseeing local property management companies
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Collection of maintenance charges and arranging preparation of annual budgets and accounts
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Administering relationship with third parties such as providers of concierge and leisure services to co-owners
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Acting as a liaison between the owners and arranging annual meetings
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Coordinating share transfers in accordance with fractional documentation
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