Part of the overall responsibility of the management company is to maintain the fabric of the building and to ensure that there are adequate funds in the kitty or insurances in place to carry out maintenance work. In the OP's case the directors are failing in their duties and responsibilities in not collecting arrears from property owners who have failed to pay service charges. It is up to the directors to "incentivize" reluctant payers....
I understand the frustration of the OP but blaming the directors is not the answer, it's your fellow apartment owners who don't pay their fees. ...
IME there is no silver bullet or panacea in these situations, but based on the information supplied it sounds like the current board members are unable / unwilling to discharge their responsibilities. Step 1, replace them.Have you a golden bullet to get management fees paid? ...
Not any longer TG.... Are you involved in many management companies?
First consult your copies of the Memorandum and Articles of Association of your management company. As a property owner in the development and as a company member in good standing you should have copies of them....
What is the exact procedure for doing all of the above as a Management Company that I am a member of needs a serious shake up of its Directors
I understand the frustration of the OP but blaming the directors is not the answer, it's your fellow apartment owners who don't pay their fees.
Perhaps you should become a director of the management company.
I reread my post and I dont see anywhere that I blamed the directors...
Management company refuses to repair roof leak
The MUD Act was brought in to protect unit owners from Developers. How does it do this? In my OMC the directors are employees of the developer.
It does nothing to protect unit owners from other unit owners who don't pay their subs. about 20% of owners in my OMC don't pay at all and fees owing just increase year on year. The most recent audited figures show a debtor balance of 300k which is all overdue and 10% up on previous year
The Mgt Co can do things like bring in parking permits to try and ensure payment but that can be expensive. that got a mention in the media today out in Ongar in Dublin http://www.independent.ie/irish-new...mes-in-row-over-management-fees-30534219.html Something will have to be done as people like the OP who pay their subs are being unfairly affected.
Anyone got any suggestions?
Thread title
I interpreted this as you blaming the directors - if not the directors then who?
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