I am a Director of the management company of a development of fourteen flats. There are three other directors who are owner occupiers, I own a buy to let flat.
There are only four flats on the development which are rented out. An investor has bought one of the rented flats and we have found out that on top of the rent he is charging the tenant the service charge.
Does this entitle the tenant to come to our management meetings which until now have only consisted of owners?
The feeling is that a tenant will not have an interest in the development as a whole or in establishing a sinking fund which is what we are trying to do at the moment.
Any thoughts people have would be helpful.