On 1st October the final elements of the Companies Act 2006 come into force and could affect the way 60,000 existing Residents Management Companies (RMCos) are structured and run.
Browsing: Self-Manage
We are living in a ‘Do It Yourself’ world with the internet providing thousands of ideas with wonderful solutions and instructions, making us think anything is do-able and achievable.
A building will not manage itself, and there is much to be done if the leaseholders are to receive the services promised in the leases and the building kept in good repair
Residents Management Companies members are usually the leaseholders. The RMC must keep an up to…
Company records show that there are over 60,000 registered Residents’ Management Companies and a high proportion relate to flats
Providing you do not collect ground rents or make any capital sales, it is possible that you could make dormant company returns.
If your concern is that some people are not contributing their share of the costs, then you take straightforward recovery action, usually through the company’s solicitors.
I own a flat in a block of six flats, five own a share of freehold and we have created a Ltd management company that we self-manage.
We have tried to start a Resident’s Association. Am I right in saying that we need 60% of the residents to form the association?
How do we deal with a director who has his own agenda but has sufficient friends in the block to counter a vote of no confidence?