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Issue instructions to the managing agent to begin legal proceedings against them and have judgements registered against the properties of defraulters. This prevents sale of the properties until the judgements are discharged. They may also have specific services removed from them if they are in arrears.... I know that there are a number of residents not making any attempts to pay fees, where does this leave the directors? ...
Thanks a million for the detailed reply.
If I chose to be a director, what reponsibilities do I have, aside from instructing the management agent / involvement in budgets etc. I am liable for any bad debt in the complex? I know that there are a number of residents not making any attempts to pay fees, where does this leave the directors?
Tks again.
I own a property in a gate complex .The builders had a management agent running it , but the owners were unhappy with the service & over 50% stopped paying the fees. We took over ourselves , halved the management fee over time from 1500 a year to 700 this year( that still includes 200.00 per unit in the sinking fund, took on a lot of the work ourselves like organising cleanup days for the common area 2/3 times a year , painting , clearing weeds etc. now 95% have paid up the other defaulter has been chased through the courts. In general the owners are a lot happier , have less charges, contribute a lot more and at the end of the day , it is their place they live there .
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