Owning multiple falts

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    Owning multiple falts

    In my flats one person owns 4 of the flats. I have been told that he still only gets one vote no matter how many he owns. Is this true and can you point me to the documentation behind it so I can back it up. This is not what I've been told.

    #2
    Maybe. The Articles of Association of your specific company.

    It is specifically not the case for RTM companies.

    Comment


      #3
      At a directors meeting, each director can exercise one vote.

      At a meeting of leaseholders or a consultation by post, the leaseholder of each flat can exercise one vote.

      Comment


        #4
        Hi,

        My understanding is that if the resolution is decided on a showing of hands, i.e., those attending the meeting (GM) he gets one vote if in person, if a poll is called he will be entitled to 4 votes. He would also be entitled to have 4 proxy votes, again these could be one attendee or four different attendees.

        As stated earlier depends on how your company is governed.

        See here:

        https://prismcosec.com/media/2243/pr...l-meetings.pdf
        Last edited by josepha333; 27-06-2019, 01:17 AM. Reason: Added link to additional info

        Comment


          #5
          The leaseholder should check the Articles of Association of the Company, a copy can be obtained free of charge from the Companies House web site. He may need to apply to the Company in respect of each property in order to become a member. Usually, if there is a vote by a show of hands at a meeting he would have one vote but he should have the right to insist on a poll which would give him 4 votes. He should also be able to appoint someone by proxy for each of the 4 votes which he possesses.


          Comment


            #6
            Thanks all. That is very interesting and probably explains a lot of my current situation. I will get a copy of the Articles of Association.

            Comment


              #7
              I have looked on Companies House and cannot find a document for this. Will it stand on it's own or would it be within another document? It is a limited company but is described as a residents property management.

              Comment


                #8
                It will be included under filing history at the very beginning under the title "incorporation". Check the other filings as well in case there are any changes to the Articles,

                Comment


                  #9
                  The company also has to provide a copy, free on request, to members.

                  Comment


                    #10
                    And it is something your conveyancer should have asked for, so should be in papers they provided.

                    Comment


                      #11
                      I find it much quicker to obtain a copy online from Companies House. I have known companies try to charge for a copy even though they should not do so.

                      Comment

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