Management company complex bank accounts
Posted: 21 May 2024 13:57
Hi Nigel
should management company run separate bank accounts for each complex they manage. I understand all of our communal fees are paid directly to the Management Committee account, the monies that they require for utility bills and other costs are deducted and the balance paid onto a complex dedicated account .Is this correct or should all communal fees be paid on to a complex dedicated account.
Best
Barry
should management company run separate bank accounts for each complex they manage. I understand all of our communal fees are paid directly to the Management Committee account, the monies that they require for utility bills and other costs are deducted and the balance paid onto a complex dedicated account .Is this correct or should all communal fees be paid on to a complex dedicated account.
Best
Barry