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Running a Flat Management Company 4th Revised edition [Pehme köide]

  • Formaat: Paperback / softback, 220 pages, kõrgus: 230 mm, Illustrations
  • Ilmumisaeg: 31-Jan-2004
  • Kirjastus: Jordan Publishing
  • ISBN-10: 0853088608
  • ISBN-13: 9780853088608
  • Pehme köide
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  • Formaat: Paperback / softback, 220 pages, kõrgus: 230 mm, Illustrations
  • Ilmumisaeg: 31-Jan-2004
  • Kirjastus: Jordan Publishing
  • ISBN-10: 0853088608
  • ISBN-13: 9780853088608
Running a Flat Management Company is a jargon-free book, written for directors and secretaries of British flat management companies. It provides practical guidance and clear answers to such questions as: What does a director or secretary need to do? What practical financial arrangements should be made? What meetings must be held, minutes taken and records kept? A star-rating system shows which tasks can be performed by the company secretary and when professional advisers should be approached for help. Examples of model letters to residents, AGM agenda and minutes, as well as the most common company forms are included. Jordan Publishing's memorandum and articles for relevant flat management companies are included, together for the first time with explanatory notes. This new edition has been extensively revised and updated to take account of recent legislation which introduces major developments affecting leaseholders and managers, including: no fault right-to-manage premises and right-to-enfranchise (acquire freehold); commonhold - the new form of property ownership; and changes in rights and procedures governing such matters as service charges, improvements works, accounting and administrative charges.
Preface v
Contents ix
Chapter 1 Methods of Flat Management 1(10)
Why have a management structure?
1(1)
What is the purpose of a management company?
2(1)
Different forms of management
3(1)
Acquisition through statute/enfranchisement
4(3)
Management companies and mortgage lenders
7(1)
What kind of management is best?
8(1)
Summary
9(2)
Chapter 2 The Management Company 11(16)
Incorporation
11(4)
Pre-formation matters
15(2)
The formation committee's functions
17(2)
Company basics
19(4)
Transferring ownership to the new company
23(1)
Costs of formation
24(1)
Taking stock
25(1)
Summary
26(1)
Chapter 3 Enfranchisement - First Refusal 27(22)
Introduction
27(1)
Enfranchisement
28(15)
The Landlord and Tenant Act 1987
43(6)
Chapter 4 Right to Manage 49(10)
Introduction
49(10)
Chapter 5 Taking over the Reins 59(8)
Introduction
59(1)
Appointment of Officers
60(1)
First meeting of a non-RTE or RTM company
61(3)
Assessing the functions of the company
64(1)
Where the company is an RTE or RTM company
64(1)
Summary
64(3)
Chapter 6 The Lease 67(6)
Introduction
67(1)
What provisions must the management company look at?
68(4)
Summary
72(1)
Chapter 7 Officers and their Duties 73(14)
Introduction
73(1)
Members and their duties
73(1)
Directors
74(1)
Directors' functions
74(1)
The board of directors
75(1)
Allocating directors' duties
76(5)
The company secretary
81(1)
The company secretary's duties
82(1)
Keeping the statutory registers
83(2)
Summary
85(2)
Chapter 8 Directors' Meetings 87(4)
Calling a board meeting
87(1)
Proceedings at directors' meetings
88(1)
The chairman
88(1)
Contents of minutes
89(1)
Delegation of directors' functions
89(1)
Summary
90(1)
Chapter 9 Shareholders' Meetings 91(10)
Preliminary considerations
91(1)
What is a general meeting?
91(1)
The annual general meeting
91(6)
The extraordinary general meeting
97(1)
Written resolutions
98(1)
Elective resolutions
98(1)
Conclusions
99(1)
Summary
100(1)
Chapter 10 Financial Management and Accounts 101(10)
Introduction
101(1)
Income
102(2)
Expenditure
104(1)
Balancing the budget
105(1)
Maintaining accounting records
105(1)
Types of accounts
106(2)
The audit
108(1)
Tax returns
108(1)
Distribution of statutory accounts
109(1)
The need for proper accounting procedures
109(1)
Summary
110(1)
Chapter 11 Company Secretary's Check-lists 111(20)
Introduction
111(1)
Takeover
112(3)
Issuing shares
115(2)
Issuing membership certificates
117(1)
Dealing with change of flat-owner
117(2)
Change of officers - Forms 288a, b and c
119(1)
Keeping minutes
120(1)
Other forms sometimes encountered
121(1)
Contents of the statutory registers and books
122(1)
The certificate of incorporation
122(1)
The Memorandum and Articles of Association
122(1)
The statutory registers
123(5)
Company stationery - the statutory requirements
128(3)
Chapter 12 When Things go Wrong 131(8)
Introduction
131(1)
Sanctions for failure to comply with legal requirements
131(1)
Directors' penalties
132(1)
Points to watch
133(1)
Striking-off - the ultimate sanction?
134(2)
Summary
136(3)
Chapter 13 Seeking Professional Assistance 139(6)
Introduction
139(1)
Fees
139(1)
When to use professionals
140(1)
Accountants
140(1)
Solicitors
141(1)
Surveyors
142(1)
Architects
143(1)
Company secretarial services
143(1)
Bank managers
143(1)
Summary
144(1)
Appendix 1 Precedents 145(96)
Statutory Registers
147(6)
Forms for Filing
153(17)
Memorandum and Articles of Association
170(59)
Applications for Membership
229(4)
AGM
233(8)
Appendix 2 Useful Addresses 241(2)
Index 243