Q: We have a leaseholder in our block with ‘serious’ debts over 3 possibly 4 years. The small management company who are also our freeholder are reluctant to disclose exactly how much the debt is and what charges are incurred by us for recovery. We understand this in the hands of their legal people. Questions …
I am the Secretary and newly appointed Treasurer of an Association and would like to do something more productive with our reserves. We have a separate Barclays current account for receipt of leaseholders service charges and payment of monthly invoices such as garden contractor invoices. We also have a Barclays Business Saver account for our reserves …
I am chairman of a Management Company for some 41 flats and freehold properties. We also own the freehold to the overall site (excl freehold properties), and around 50% of the site is woodland. One of our neighbours whose land abuts ours is dumping his grasscuttings over the fence onto our land. I have discussed …
We are a management company with directors who are all leaseholds with one exception who was a leaseholder but sold her property but was persuaded to stay on as a director. We have managed the company ourselves without the use of an outside managing agent. There are 28 properties. We are about to appoint one …
As the secretary of our residents’ association, I am required to fill in a ‘leasehold property enquiries questionnaire’ issued by the sellers’ solicitors when a flat comes up for sale. My question is…. what is a reasonable fee for filling in this form,? I have been charging £125.00 plus £40 for the notice of assignment charge. …
We are a recently created RMC freehold owning company with 27 leaseholders having equal shares and votes in the company, which is also of course charged with carrying out building maintenance & repairs. I have just been appointed Director and Secretary of the company, and we have our first AGM shortly. I am beginning to …
As Secretary of our Resident’s Association I have been asked to request your advice on the following question: Can a “non-entitled” (not a lease/shareholder) speak at AGMs/EGMs and/or change passed actions if they have been nominated to speak/act on behalf of an “entitled” lease/shareholder with just a letter from that leaseholder or does he/she need …
Could you explain how the 2006 Companies Act will affect the business of our freehold company. We know, for example, that the Act no longer requires companies to hold AGMs, but we are not sure whether our own Mems and Arts still require it. The FPRA replies: Your letter raises an interesting point on the …
Redford Court is a small development of 16 purpose-built flats. It is owned and run by our Resident Management Company, but due to the increasing complexity of leasehold legislation, there is a risk the company will become ‘Dormant’ as no one is prepared to take on the duties of a Director of the Company, and …
The registered address of our freehold company is my own personal address. Its hard enough running a block of flats without having to have the Company’s nameplate on my front door. Is this really necessary? The FPRA replies: At one time it was necessary to have a Company nameplate, but the 2006 Company Act, which …