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Landlord1206
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Last Activity: 09-02-2019, 06:57 AM
Joined: 26-10-2015
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  • Landlord1206
    replied to Block Management Bill
    #13 and #18 are correct. The BM raised service charge invoices to try and recover funds they had paid Chairman [part from sinking fund and approved by another director) and further amounts that they say are still owed to ex chairman apparently. They are considering using a 'directors loan' route to...
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  • Landlord1206
    replied to Block Management Bill
    The BM company has funds to cover all current invoices and expenses. There was a sinking fund before that was used to pay back the former chairman. This was the BM company doing this.
    So no issues on funds but a worry that these historical charges will be put onto the owners.
    I was asking...
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  • Landlord1206
    replied to Block Management Bill
    Thanks but I have no knowledge of what a D&O policy is?
    The money was paid out by the former Chairman on his own authority with no input or agreement by any other person. He then asked for the money back much later after the BM company took charge. they paid him up quite quickly and then set...
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  • Landlord1206
    replied to Block Management Bill
    Good morning again,

    To recap:
    We had a Residents Management Company [we each had a share/freehold/UK] and the Chairman ran it so badly it was truck off at Companies House. This dates back to 2016. No service charges were raised for 20 months.

    Other owners then moved to...
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