I spoke to someone recently who has encountered problems with management company issues where there is social housing in the block.
Basically the problem can arise when there is a vote on any issues relating to management of the development. If the council (or I guess in other situations it can be a developer) own a number of apts they can block vote at AGMs etc.. leaving the individual owners with little power.
Has anyone any experience of this? I'm already unimpressed by the inflated mgt company fee in the affordable blocks I'm interested in compared to the the private blocks which are up to €400 less pa. Does anyone have any experience of block voting by councils or majority share holders in development management issues?
Basically the problem can arise when there is a vote on any issues relating to management of the development. If the council (or I guess in other situations it can be a developer) own a number of apts they can block vote at AGMs etc.. leaving the individual owners with little power.
Has anyone any experience of this? I'm already unimpressed by the inflated mgt company fee in the affordable blocks I'm interested in compared to the the private blocks which are up to €400 less pa. Does anyone have any experience of block voting by councils or majority share holders in development management issues?