Leasehold directors insurance claim

  • Filter
  • Time
  • Show
Clear All
new posts

    Leasehold directors insurance claim

    Hi All, I hope you are all well! Just a quick question and my apologies if this is in the wrong section....happy to move it if admin thinks best? Our directors are leaving out one of the other directors, out of the loop as regards information and it has come to light that one director has written a false and misleading statement to an insurance broker in an attempt to stop a water claim. Is this a breach of fiduciary duty and how best to deal with the situation?

    It is up to the other directors to inform the broker that the director who made the statement was not acting on behalf of the board of directors and to correct the statement.

    If the directors are not acting reasonably or in the best interests of the members, it is up to the members to call an EGM in order to remove one or more of the directors.


      eagle2 what proceedure is in place to protect leaseholders and directors who's RMC directors vote to ignore breaches by some directors? What if 5 people vote to stop the 6th from having access to information? How can the 6th person, director or member actually get this information. What protection and what courses of action are actually available if the rest of the board/members are equaly as negligent and deciptful? (for example a rabble in one building I own directors, the 'chairman' of all meetings and the secretary are writing in emails openly that they are not interested or impressed with the RICS code of conduct, and openly belive they can vote to ignore any legislation. Are we talking CA2006 minority here? FTT seems completely unable to act in these situations other than putting a management company in place.


      Latest Activity


      • Freeholder failure to maintain
        by Catastrophiser2020
        What to do about a freeholder that doesn't maintain property?
        Unfortunately right to manage is not an option
        There is damage to my property due to FH failure to repair...
        22-01-2022, 20:36 PM
      • Reply to New Government proposals re leasehold reform
        by sgclacy
        As I said earlier if a property is burdened with a ground rent of £300 - £500 per annum and it rises by the RPI or doubles every 20//25 or 33 years how is that the stuff of nightmares ?

        We are regarded in a world stage to have a very advanced legal system and as seen as a safe place to...
        22-01-2022, 20:15 PM
      • New Government proposals re leasehold reform
        by perigee
        I see that there are proposals to simplify the extension/enfranchisement procedures and reduce the costs for lessees, including abolishing marriage values. I appreciate that these are early days but is there any guidance from professionals acting for landlords - as distinct from lessees - on these...
        12-01-2022, 17:53 PM
      • Reply to New Government proposals re leasehold reform
        by Lawcruncher
        A lease is the grant of an estate in land. The estate granted is a "term of years", a label which describes what is in the tin. Virtually all leases have conditions attached or implied, but the conditions are not essential. A lease may for convenience be regarded as the combined grant of a...
        22-01-2022, 19:51 PM
      • Who can view CCTV?
        by Luverlyjuberly
        I'm having a problem with someone spitting in the communal areas of our block of flats. The person is the boyfriend of a tenant. She has already been spoken to about the incidents but I think it likely that he denied it was him or claimed it was a accident (as he had a nasty cold when the spitting...
        22-01-2022, 19:30 PM
      • Reply to Section 61 and my Landlords rights for an order of possesion
        by sgclacy
        In 55 years time, you may be faced with the possibility that the freehold is able to buy your flat at its market value.

        You undertook that exercise in 2008 so if you were just 21 then this "problem" would concern you when you are 90 - if freeholder can satisfy the court about...
        22-01-2022, 15:26 PM
      • Section 61 and my Landlords rights for an order of possesion
        by andyg1
        Hi All

        I wonder if anyone can set my mind to rest, i am the leaseholder of the flat in question . In 2008 i employed a firm of solicitors to extend my Lease . It was a 99 year lease granted in 1978 and it was eventually extended for an additional 90 years . During negotiations...
        20-01-2022, 16:35 PM
      • Reply to New Government proposals re leasehold reform
        by sgclacy
        It is the financial burden that the ground rent imposes on the property that needs to be valued correctly.

        The consumer credit act sought to value one financial product with another, by having the APR quoted to assist the purchaser make an informed choice. My proposal would be that the...
        22-01-2022, 15:09 PM
      • Reply to Neighbour’s automatic garden watering system
        by Section20z
        Seriously ??? If it's really the neighbours water then just dig a couple of meter deep trench along the boundary and put a French drain it.
        £80k ? Someone's having a laugh with you...
        22-01-2022, 14:03 PM
      • Neighbour’s automatic garden watering system
        by Joubert
        I am the director of a freehold company which has a number of flats in a purpose built mansion block.

        One of the lower ground flats has a serious damp issue which has been addressed several times over the years at considerable cost by the building. The damp is coming through the floor...
        18-01-2022, 10:03 AM