I own a flat in a block of six flats, five own a share of freehold. For about 10 years, I have taken the responsibility of the accounts and more. I wondered what choice I have to resign from all this.
Presumably you are unpaid and have no contract, in which case you can resign any time you like. If so, one or more other directors will have to take on those responsibilities or employ a managing agent. For small blocks of this size, there has been a trend for employing outside help with company secretarial and bookkeeping services, keeping other aspects of management in house for the reason that a willing person can often be found for that reduced role.
