I appreciate your time reading this, and will be thankful if you have any ideas and tips how to deal with the situation.
Background information
New development (about 3 years or so).
200 apartments
Roughly 40 unsold, 20 of them rented by the builders
Managing Company – directors are the builders
Management Agent – Wyse
We are in nearly 80 000 debt. Property is poorly managed! Builder do not fix outstanding work.
Are builders obliged paying for the unsold apartments (managing fees)? At least for the part of them that is occupied by tenants? Surely they are owners of those properties (the builders). The figures don’t match either. We are billed for things as people working for the directors for their phones. Gardner that nobody have ever seen and so on. How can we go on for getting a resident director, getting independent audit (currently audit done by the builders accountents)
Do we have any rights and say?
I know we are obliged to pay the bill we are given, but this is over 50% increase for us. And we are afraid that builders will try to make money out of us, to put pressure on us to sign off the unfinished work!
Background information
New development (about 3 years or so).
200 apartments
Roughly 40 unsold, 20 of them rented by the builders
Managing Company – directors are the builders
Management Agent – Wyse
We are in nearly 80 000 debt. Property is poorly managed! Builder do not fix outstanding work.
Are builders obliged paying for the unsold apartments (managing fees)? At least for the part of them that is occupied by tenants? Surely they are owners of those properties (the builders). The figures don’t match either. We are billed for things as people working for the directors for their phones. Gardner that nobody have ever seen and so on. How can we go on for getting a resident director, getting independent audit (currently audit done by the builders accountents)
Do we have any rights and say?
I know we are obliged to pay the bill we are given, but this is over 50% increase for us. And we are afraid that builders will try to make money out of us, to put pressure on us to sign off the unfinished work!