N
NewbieAL
Guest
Hi
Quick question that I need help with please....
Management agency wants owner occupiers to become directors of management company. It's a very small complex and everybody is very reluctant to take this on for various reasons, mainly inexperience.
The existing directors were the owners of the company who built the estate, now gone into receivership. In fairness to the management agency, they do organise annual meetings and approval for budgets etc so there is plenty of contact between agency and owners of the apartments.
I'm wondering do the owners HAVE to take on Directorship? If so, what happens if people are reluctant to take this on, can it be enforced? And if we do take it on, legally what are we liable for?
Has anybody got any advice or perhaps been through a similar situation.
Thanks
Quick question that I need help with please....
Management agency wants owner occupiers to become directors of management company. It's a very small complex and everybody is very reluctant to take this on for various reasons, mainly inexperience.
The existing directors were the owners of the company who built the estate, now gone into receivership. In fairness to the management agency, they do organise annual meetings and approval for budgets etc so there is plenty of contact between agency and owners of the apartments.
I'm wondering do the owners HAVE to take on Directorship? If so, what happens if people are reluctant to take this on, can it be enforced? And if we do take it on, legally what are we liable for?
Has anybody got any advice or perhaps been through a similar situation.
Thanks