Becoming a director of an estate management company

CianMarriott

Hi Guys,


I am buying a new home and the contracts have all come through from the solicitor. One things that stood out was a form to become a director of the management company that is being set up on the new estate.


I have questioned my solicitor who is telling me that this has to be completed by every house on the estate. I have also asked the sellers (they are asked me to refer to the solicitors). However, I am not totally convinced. Can anyone confirm whether there is any kind of legal requirement for this to be completed.


I completely understand the need for the management company and I am quite happy to pay for the annual fees but it seems that I could potentially cause myself a lot of hassle in the future by signing this directors form.

davidmcn

What sort of hassle? Surely it would be more hassle to exclude yourself from decisions that the management company are making?

Hoploz

My mum had to do one of these forms when she bught her flat. It was a new development and all the buyers had to fill one in. Nothing is done with the form, it just gets put on file. My mum doesn't want to be one of the directors (she is 82!) and never intended to but still had to fill that form in.

Don't worry, the residents all got together and decided who would be the directors completely separately, some time after all the flats were sold and the service charge bills started rolling in.

jimpix12

I didn't bother signing mine, neither did my neighbour. So it ended up as one guy being the director and we all chip in even amounts when things need doing.

I'm a director of several companies already and didn't need the stress of worrying about which gravel to buy and enduring the wrath of someone for buying the 'wrong' one. If you don't want to do it, then don't.