RTM Director has become a Dictator

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    RTM Director has become a Dictator

    Owning a a flat for many years self managed by the residents, 10 flats, 1 director. Last year a new couple bought in and put themselves forward as directors, we all agreed as we wanted to welcome them. Since then they have forced out the previous director with allegations of mismanagement, spent company funds on trivial matters yet the roof still leaks and now refuse to share the bank statements with all shareholders stating GDPR wont allow this. Any professionals in the Brighton area fancy some moonlighting tomorrow evening (shareholders meeting) ??

    #2
    If it is an RTM, they must provide access to current accounting records to all members, although they can redact confidential information. GDPR is a sub-set of confidential.

    However, in general, the only options for such circumstances, are to vote the directors out of office, for which you need to give 28 days notice, so you can't do it at tomorrow's meeting, or to appoint a manager, which is difficult and will be expensive. You might be also be able to swamp the board with better directors, if the meeting agenda covers appointment of directors.

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      #3
      thank you - something to think about
      before we had a surplus of around 12K, now we dont have enough to pay contractors, they repainted the exterior of the building advising a council inspector happened to be passing bye and mentioned it was the wrong shade of magnolia (the building is not listed) and the previous shade exactly matched the building next door
      I also suspect they have drawn monies for damp proofing works in their own property (circa £3000) without a vote, they sent out an email to all owners that they would proceed with works if the majority agreed, I stayed silent as (i know mistake) but as works went into several thousand pounds I assumed unless we had unanimous agreement S20 notices would have to be served

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        #4
        Section 20 is needed regardless. There is no provisions for 100% majorities.

        Was charging for the work permitted by the lease? (Did they simply shift priorities to favour themselves, or to they misappropriate money for work they were supposed to pay for?)

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          #5
          Thats why I am so keen to see the bank statements, I have been requesting them over and over again for months
          they respond with GDPR but I am sure they have taken funds,
          at a previous meeting everyone raised issues that they had paid for, including £1500 for new flooring in my property due to roof leak (i had huge puddles in my living room) at that meeting I proposed we all write off our losses and start afresh but I am assuming they have taken £3000 (the old director mentioned this but no longer has acess to the bank account, although they previously mentioned £1200 for works in their basement flat 1 year ago)

          sorry for rambling but it really makes my blood boil

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            #6
            15 years ownership with no major issues now new people seem to be looking out for themselves

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              #7
              but thank you,

              very valuable to know section 20 notices are required regardless

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                #8
                Many management companies are ignoring s20, it is toothless, so it is not worth pursuing.

                Your best option is to appoint new directors so that you have a majority vote in the board room, The new directors can then investigate your concerns.

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                  #9
                  I remember Brighton & Hove has a leaseholders association ( or did have monthly meetings ) where free advice could be obtained.

                  Spending of annual service charge for maintenance of the building requires annual summary of expenditure to be supplied to each leaseholder after 6 months from end of the reporting year. Its not information covered under data protection .

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