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This is outstanding since the 1980s?!?rippedoff said:The common areas have yet to be handed over to the residents.
Do you get any information such as an annual report, budget etc. about the management company?The developer hires a gardner, electrician or whatever when needs be. There is as yet no residents assoc, again elderly population. If someone needs to a broken light in the car park fixed for example they call the developer directly.
You need to check the legal documentation for your property so. If you have a mortgage then the lender will hold these. If you have no mortgage then you should have these yourself or lodged them for safekeeping somewhere.Not sure about leases/covenants relating to the management company and householders' rights and obligations?
Our house is freehold but the common areas of the estate (which is private but not gated in and with a public right of way through it) are not so we have a management company to manage these and housholders sign a management company lease and become members/shareholders. The annual management charge is €270 this year. Only c. 20 members out of 140 housholds bothered to attend the last AGM the other week.2Pack said:Thank God for Freehold
Yes but everybody got the annual report and its solvent and the voted upon works are being done by the agent and there are no liabilities I trust .ClubMan said:Only c. 20 members out of 140 housholds bothered to attend the last AGM the other week.
Yes. I was just clarifying that a freehold property doesn't necessarily imply the absence of a management company as might be suggested by your penultimate post.2Pack said:Yes but everybody got the annual report and its solvent and the voted upon works are being done by the agent and there are no liabilities I trust .
Its probably a perfectly functional company albeit with low participation rates (not unusual) but functional is the important thing .
You should also hassle the members to get active with their management company rather than letting the builder control matters. It's in their own interest.rippedoff said:I have been able to asertain that all owners are actually members of the management company. So that means that I will just hassle them to organise an AGM. I have been told that its illegal not to have these (AGM) and could lead to an audit etc...
Not sure - sorry. Apart from normal planning issues there may be some relevant information in the documentation relating to the management company (i.e. management lease/covenant and the company's memorandum and articles of association).Also I know they have plans to build a 2 penthouses on the roof if they get planning. I would not want this to happen for various reasons so would object. I assume they need the backing of the owners of the existing apartments...?
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