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Neighbour dispute 4 v 1

(7 Posts)
bangersmashandbeans Thu 02-May-13 13:34:15

I live in a community of 5 properties and we are joint shareholders of the communal area which is a registered business purely so we can all pay a monthly fee into an account and get gardening/maintenance funded etc.
One of the residents, who is therefore a shareholder, seems to disagree with everything the rest of the residents/shareholders agree on. It's only minor stuff such as we agree certain aspects of grounds maintenance should come out of the collective funds. If it is 4 shareholders in agreement and 1 disputing it does anyone know what the legal standing is? Does democracy rule in these situations? Any advice would be greatly appreciated!

AgentProvocateur Thu 02-May-13 13:38:17

Not an expert, but surely it would depend on how you set the business up? What does your constitution say?

bangersmashandbeans Thu 02-May-13 13:40:23

I've no idea to be honest as it was set up before we moved here.

EasterHoliday Thu 02-May-13 13:40:45

how is the company established? is everythign decided on shareholder vote? who are the directors of the company? THere is no standard legal basis, it's what it says in the shareholder's agreement

EasterHoliday Thu 02-May-13 13:41:48

just seen your reply - you will have been given all the relevant company information when you bought the property. ask your conveyancer for copies if you can't lay your hands on them - though they should be identical for all of you so it might be easier to ask a neighbour

bangersmashandbeans Thu 02-May-13 13:50:35

Thanks Easter, I'll speak to the residents who have been here longer - though until this new neighbour moved in I don't think if was ever an issue. The directors are my husband and one of the other neighbours, we have a treasurer and secretary too.

bangersmashandbeans Thu 02-May-13 17:45:30

Done my research and decisions are quite simply made by a show of hands at the meetings!

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