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Management Company
spud2212
Posts: 17 Forumite
There isnt a management company in the block of flats in which i live. can i apply to management companies for them to take it over?
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Comments
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you can, but not individually. employing a management company will require all the owners to sign a contract and pay a monthly fee. there would need to be a majority of owners in the building in agreement in order for this to happen, so if you already have a resident management board i would suggest you call a meeting and see what the opinion is. if there is no management in place you will have to contact all the owners and do the same.0
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The freeholder(s) choose who is appointed to manage the properties, alternatively leaseholders can exercise their collective right to manage: http://www.lease-advice.org/publications/documents/Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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the people who built the apartment ran the management company and have gone bust just as we bought. thanks for replies0
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In that case run a search on the board, freeholder and management company going bust simultaneously has definitely arisen before.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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thanks firefox.0
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Sorry if I'm about to point out something obvious, but please do your research before you employ a management company. They will obviously charge you to provide this service, but it also means that they will organise your insurance, repairs etc so you need to ensure they are genuinely finding the best deals for you. Ask friends and work colleagues if they can recommend anyone. Depending on the size of your block, the owners could manage it themselves and safe quite a bit of money...and I'm saying that as someone who works for a management company!"I believe that everything happens for a reason. People change so that you can learn to let go, things go wrong so that you appreciate them when they're right, you believe lies so you eventually learn to trust no one but yourself, and sometimes good things fall apart so better things can fall together." Marilyn Monroe0
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