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Sarah B
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Last Activity: 12-07-2019, 13:35 PM
Joined: 01-09-2018
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  • Lloyds has a separate category for charities. I am merely passing on what we were advised as self-managed flat companies. It is not a client account as we are not the agent. If you look at their website it is clearly explained. Ground rent does not have to be kept separately at present as long it can...
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  • The requirement for keeping money separate really applies to agents who have multiple clients for whom the RICS guide is intended. Provided the ground rent is separately identified and any company expenditure they can be in the same account. A lot of lessee-owned companies now waive ground rent as...
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  • I have a number of flat manager accounts with Lloyds under the heading "Treasurers' account". There are no charges as it is not a trading company, I am surprised recently how many flat companies are paying charges (even at Lloyds). You will, I think, have to open it by filling in an onlne...
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  • Meant to add - I am puzzled by any mechanism that automatically appoints a leaseholder as director without any form of procedure being followed. Is there something in the lease?
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  • Also from Table A 1985 - which may be modified by your own articles. When was the company incorporated?

    The directors may appoint a person who is willing to act to be a director, either to

    fill a vacancy or as an additional director, provided that the appointment does not...
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  • To exclude one leaseholder is absurd. If they won't comply then you can apply to the court to arrange a meeting which will be at the directors' expense or you can apply to the FTT to appoint a manager.

    European Supreme Court ruling:

    "Directors must attend general meetings...
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  • Your link is a tribunal decision not exemption from one! Only the tribunal can give dispensation and is judged ona case by case basis, saying you're applying for one and not doing so is dissembling and the leaseholder would expect to be able to put their case so not likely to be convinced for long....
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  • Ram #12

    "We have had an S20 meeting of all shareholders / leaseholders.
    We went through stage 1, 2, and 3, within one hour, on one day, and all agreed to get the work done, and pay in advance for the work."

    Unfortunately the statute requires that, even if everyone...
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