Developer threatening to quit
Posted: 21 Oct 2013 20:08
Hi Nigel
The developer of a complex where I own an apartment is threatening to cease maintenance due to a number of non payers. Separate title deeds are available although I suspect that many owners have not yet paid for these.
I also suspect that no one in the complex will want to take over and form a committee. If this is the case, my understanding is the Land Registry will appoint someone to manage the complex. Is this correct and if so who arranges this?
Thanks
Brian
The developer of a complex where I own an apartment is threatening to cease maintenance due to a number of non payers. Separate title deeds are available although I suspect that many owners have not yet paid for these.
I also suspect that no one in the complex will want to take over and form a committee. If this is the case, my understanding is the Land Registry will appoint someone to manage the complex. Is this correct and if so who arranges this?
Thanks
Brian