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Resident Management Company - Share Certificate Question

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  • westv
    westv Posts: 6,455 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 July 2011 at 1:50PM
    I agree with waht G_M has said. The certificate is important. I own a leasehold flat with share of freehold and the Landlord is the Limited Company co-owned by all us Residents (via our shares). As G_M says, no share, no voice.
    In our rules, the share certificate has to be transferred within 1 month of the sale. So the transfer occurs after the sale and does not get in the way of the sale.
    It may be worth asking now how the flats are being run, given the apparent poor performance so far in sorting out this administrative problem. Are they using a solicitor to handle the issue of shares or are the Residents doing this themselves.

    The admin is done by an accountancy firm.

    Everything else appears to be well run.

    Edit: The accounts are, obviously, done by the accountants and the Mngmt co registered address is the accountants but I assume everything else is done by the resident directors of the company.
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