Property management and directors

sudhirtz

We are a block of flats where we equally share the freehold.  A Ltd company was set up to manage the affairs of the block of flats and each flat has an equal share in this company.  We have a property management company to oversee the collection of service charges and look after cleanliness etc.

Only 30% of the owners live in the block of flats while the other 70% are absentee landlords.  Most of the absentee landlords couldn't care less about how the block of flats is run as they are receiving rent on a timely basis. 

50% of the owners are directors of the ltd company.  Only 20% live on the property.

The management company and the directors do whatever they want without informing the other shareholders and totally ignore one of the directors because of queries raised regarding expenses and the shabbiness of services provided.

Could anyone advise what could be done to overcome this horrible situation?

Thank you.

user1977

You'd be better posting on the House Buying etc board, this isn't really a Consumer Rights issue:
https://forums.moneysavingexpert.com/categories/house-buying-renting-selling

Sandtree

You have two angles of attack... either you read your leasehold agreement and see if they are fulfilling their obligations to you as leasee. Alternatively you look to exercise your rights as shareholders against the directors but the problem you'll find here is if you are in the minority as you suggest then action is likely to fail on this route.

Obviously the one problem you'll have is that you will ultimately have to pay your share of the costs of defending against any action you try through the service charge.