wayoutwhest
New Member
- Messages
- 3
Sounds great in the text here, but I am not so sure how close to reality this process is for many owners' lived experiences.
I agree. Many owners lived experiences is not to take an active role in their owner's management company. The process I outlined is very doable and is much more preferable to complaining and being frustrated at the service being provided. Yes it involves a bit of work at the outset, but once you have a trustworthy managing agent the process becomes much easier. I spend about an hour a month on my role now and a bit more coming up the the AGM and before an audit.Sounds great in the text here, but I am not so sure how close to reality this process is for many owners' lived experiences.
How is this done, Our managing agent has been over the OMC for the last 15 years and asking for anything to be done is a nightmare.Remove the managing agent from the bank account and only allow them viewing rights. Once you have done this you are in control of all the spending for the OMC.
What do you mean by this? If anything it's the other way around. The management company is "over" the management agent/agency since the management company contracts and instructs the agent to carry out the day to day management issues.Our managing agent has been over the OMC for the last 15 years
What do you mean by this? If anything it's the other way around. The management company is "over" the management agent/agency since the management company contracts and instructs the agent to carry out the day to day management issues.
If you want to change agent then you'll need to bring it up at a general meeting of the management company and maybe see if you can get a motion to that effect voted on.
Or maybe even get involved in terms of running for a position on the board.
Check the memorandum and articles of association of your management company and the MUD legislation?Our current managing agents run it all and when I ask for things they are very relocatant, hence my question of how do we go about removing the managing agent from control of the accounts as I know currently they are paying out things with no questions asked.
You must have a much better relationship with your managing agent than we do with ours. Ignoring emails, spending money without approvals etcmaybe sit down with the management agent and thrash things out
I'm not a director so I don't know anything about my management company's dealings at board level with the management agent. I'm just a member of the management company. From that perspective I find the management agent fine and responsive to any queries that I've ever had. I guess that the directors are happy with them too because they've engaged the same agent for a long time now.You must have a much better relationship with your managing agent than we do with ours.
This is something that you and the other directors of your management company need to sort out so. The agent is contracted by the management company so the power rests with the management company. If the agent isn't fulfilling their contractual obligations then your management company should probably consider contracting a different one.Ignoring emails, spending money without approvals etc
Yep, thats what Im working on now but there's always a battleIf the agent isn't fulfilling their contractual obligations then your management company should probably consider contracting a different one.
I don't understand why. If the management agent is obviously unsatisfactory then that should be obvious to the board of directors of the management company who can, and indeed probably must, in their roles as directors, take steps to rectify the situation.Yep, thats what Im working on now but there's always a battle
Yes this is my problem, there has been 3 directors for many years who have just done nothing, even though they agree the managing agent is poor, they are worried about "firing" the current one and Im explaining that its not firing. Like any service provider if you are not happy and out of contract, shop around.obvious to the board of directors
gallagherpm.ie
Members are entitled to inspect and and get copies of the following documents:
- Minutes of all General Meetings of the company and any resolutions made;
- A Register of Members and company officers (directors & secretaries);
- The company’s Memorandum and Articles of Association, also known as the company’s Constitution. These important documents set out how the company is run, and what rights members have. Every company must have these documents and they must be available at no cost to each member. These documents are also available to the general public via Companies Registration Office (CRO);
- Periodic sets of accounts and financial statements, directors’ and auditors'' reports. These are also available to the public via the CRO.
A lot of people that do not understand GDPR always use "Due to GDPR" saying. You should be entitled to access to the register of members under the Companies Acts is my understanding. Now this wouldn't include contact details.Due to GDPR
Yes. And the first answer of the OMC is often no for gdpr reasonYou should be entitled to access to the register of members under the Companies Acts is my understanding.
Unfortunately that would defeat the purpose (in my case). Ironically I'm pretty sure I got a doc when I joined with the names and their contact details but I can't find it.Now this wouldn't include contact details.