When should the resident owners become directors of a housing estates management company.
If we hold an EGM and appoint new directors of our management companies what are the implications - both financially and in relation to the council taking in charge the housing estate.
I understand the developer has a bond held with the council if the estate doesn't meet its standards but I've heard the bond is often not enough to the works required after camera surveys etc.
If we hold an EGM and appoint new directors of our management companies what are the implications - both financially and in relation to the council taking in charge the housing estate.
I understand the developer has a bond held with the council if the estate doesn't meet its standards but I've heard the bond is often not enough to the works required after camera surveys etc.