ClubMan said:How exactly are management companies fraudulent? Buyers of properties that are governed by management companies (including myself - house rather than apartment) are apprised of the details by their solicitors when buying and become members/owners of the companies with full control over how their developments are managed. What is wrong with that?
I know buyers are aware that they have to pay the charge. But it's a case of having to to buy the house. What is wrong with it? 2 estates side by side in the same area. The house owners in the new estate that is 20 years old do not pay a maintenance charge and the estate is managed by the council. The owners of houses in the new estate have to pay a maintenance charge.
Sounds like rates to me in another form.