I am encountering problems with my management company (fellow property owners) in terms of how they manage the company and the information (or lack of) which they share with the rest of the property owners.
There are 19 properties all with share of freehold divided into 3 buildings which are managed by a management company comprised of property owners with 3 directors (‘The council’).
It all started 3 years ago when I came home one day to find someone painting the woodwork of my property…a call to the chairman revealed that the ‘’Secretary’’ had decided that the outside of the house needed to be painted….no mention of this planned work at the annual AGM, no notice of the work and no information regarding the cost. Totally unacceptable. 3 years later I still do not know how much it cost to paint my house!!
Since then I have been asking to receive a detailed breakdown of expenditure/the accounts, information which to date has not been forthcoming. In the latest email it has been stated that in order to get a full breakdown of the accounts 1) there will be a cost involved b) we would therefore need to get the permission of all 19 owners.
I have repeatedly asked 1) that we have greater visibility / detail behind the accounts 2) that the AGM’s are run in accordance with legislation and agreements (21 days notice, minutes taken and circulated in a timely manner, planned works proposed and voted). Despite promises that things will change, nothing has and when challenged the directors (one of whom has been in situ for 45 years) take it as a personal attack and close ranks.
I have tried to resolve this situation amicably, but have failed, has anyone else come across this situation? What can I do now? What are my options moving forward?
There are 19 properties all with share of freehold divided into 3 buildings which are managed by a management company comprised of property owners with 3 directors (‘The council’).
It all started 3 years ago when I came home one day to find someone painting the woodwork of my property…a call to the chairman revealed that the ‘’Secretary’’ had decided that the outside of the house needed to be painted….no mention of this planned work at the annual AGM, no notice of the work and no information regarding the cost. Totally unacceptable. 3 years later I still do not know how much it cost to paint my house!!
Since then I have been asking to receive a detailed breakdown of expenditure/the accounts, information which to date has not been forthcoming. In the latest email it has been stated that in order to get a full breakdown of the accounts 1) there will be a cost involved b) we would therefore need to get the permission of all 19 owners.
I have repeatedly asked 1) that we have greater visibility / detail behind the accounts 2) that the AGM’s are run in accordance with legislation and agreements (21 days notice, minutes taken and circulated in a timely manner, planned works proposed and voted). Despite promises that things will change, nothing has and when challenged the directors (one of whom has been in situ for 45 years) take it as a personal attack and close ranks.
I have tried to resolve this situation amicably, but have failed, has anyone else come across this situation? What can I do now? What are my options moving forward?