You can ask any question that you like at a general meeting if you are a member/shareholder but it's up to the board to respond. You can always propose a motion on the matter and have the members vote on it if necessary.My question is, we received a copy of the audited accounts and we have concerns regarding some expenditure. Are we entitled to look for receipts for this expenditure.
Then there is a problem because the company needs to have (at least two?) directors.Also we were notified that the directors (the builders) will be stepping down and new directors will be appointed. A lot of these apts are rented what if nobody wants to assume responsibility.
So why are you that concerned about the management charges if these will be irrelevant to you soon?Before you suggest we have the apt up for sale and therefore do not want to step forward for this ourselves.
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Also my husband owns the apt so technically i cant get involved but he is allowed a financial advisor with him at the AGM, does anybody know do you have to be qualified, ie can i go and say im his FA.
Thanks in advance we would like to be prepared going into this.
Thrifty1 said:Lift maintenance - should this not be under warranty?
What is the annual charge? Chances are it would be easier to raise your concerns/queries but just pay the charge if you are selling up imminently.Clubman , i am concerned about these issues as we have not sold the apt yet and are due to pay this years fees shortly.
Has anybody asked for such details and, if so, who is responsible for providing them (e.g. you, your solicitor, the management company etc.)?Also a lot of people are wary of buying in a complex managed by MA and are requesting forcast of future fees, expenditure, etc so it is in our interest to ensure these remain at a reasonable level.
Has anybody asked for such details and, if so, who is responsible for providing them (e.g. you, your solicitor, the management company etc.)?
My question is, we received a copy of the audited accounts and we have concerns regarding some expenditure. Are we entitled to look for receipts for this expenditure.
Eg Wages and salarieS - €50k (ish)- for whom?
Lift maintenance - should this not be under warranty?
Cleaning - a twice weekly hoover costing about €10k a year
etc, etc.
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re we entitled to see tenders for work they intend to undertake and perhaps source cheaper labour ourselves?
By discussing issues related to your original query you might learn something (e.g. that perhaps there is not much to gain my worrying too much about the management charge on an apartment that you are going to sell anyway).
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