1. Written by Nicola McNeely, on 23-01-2009 10:18
You have to have a means to manage the freehold interest and that's generally why a management company is put in place.
The property documents would normally contain a requirement for each flat owner to become a member of the management company and to transfer his membership to any subsequent owner.
The intention is to give the flat owners a means to reach majority decision on key issues. For example, who does your maintenance work? How much does it cost? Who decides what works need to be done from time to time?
The directors of the management company have the day to day control of the management company but it is sensible to get majority approval of expenditure before incurring it, unless you get a general mandate to spend up to a particular amount any year on maintenance work before calling a members' meeting for extras.
Hope this helps.
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