Property Management company resigned?

Property Management company resigned?

0:02 AM, 1st September 2023, About 8 months ago 3

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Hello, I am a landlord of a flat within an estate and have been paying service charges to a property management company (Company B). The maintenance for the estate appears to be controlled by a limited company (company A) which had three directors and the property manager co-acted for company A in doing the maintenance and collecting service charges. The directors of Company A recently all resigned, as did Company B.

All the service charges had gone to a client bank account within company B. Company B appears to still exist, at least at Co’s house. However, they have taken down their website, are now acting under a different name and refuse to talk to the leaseholders.

Has anyone else had this problem? We the leaseholders now have no maintenance company doing our maintenance nor any directors of the maintenance company. What do we do??

Can Company B simply walk off with our past service charge money?? Company B is part of a larger group.

Can anyone advise on similar situations, please? I appreciate we need legal advice, but since we as a leaseholder group have no funds, since they all went to the property management company, it’s a tad tricky!

Thanks,

Andy


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Comments

Martin Hicks

10:05 AM, 1st September 2023, About 8 months ago

Who owns the freehold of the estate? I think they are required in law to ensure that it is managed including that the property is insured, and would originally have been responsible for selecting, approving and appointing the managing agents.
Just my personal opinion.

Kizzie

10:31 AM, 1st September 2023, About 8 months ago

Who does your lease state is the landlord aka lessor to whom you are to pay service charge due under your lease? This is money to be held in a trust or client account (s 42 Landlord & tenant act) and is not money belonging to a company. To whom do you pay Ground Rent (payable to the landlord
aka lessor under s166 CLRA 2002.)
Which of these Companies Articles state they are to collect what seems to be Estate charge? Memorandum & Articles downloadable for each company at Companies House.

Martin Hicks

10:39 AM, 1st September 2023, About 8 months ago

If you discover that funds have been stolen, the gentlemen in blue may be interested to know?

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