Hi, will try and keep this succinct.
We live in a group of 6 properties, we purchased property 2 from company A who owned all of the properties. Property 1 and property 6 both belong to directors from company A. Property 5 is owned by a friend of the owner of property 1. Properties 3 and 4 are privately owned like ours.
In the process of setting up a management company (LTD company) for the properties it has come to light that the owners of property 6 and 5 are giving their votes/decision making powers to the owner of property 1, therefore gifting him a 50% share of all “votes” on decisions to be made in the future. Is this legal? What can we do? It essentially gives him (and therefore company A) the power to run the management company