Hi, if anyone with any experience is out there it would be amazing! I'm trying to help someone with this - will try to keep it snappy
- Trying to sell a flat where they are one of the leaseholders
- Managed by RTM company, one of the directors is also a resident/leaseholder and the other is a property firm that are the ones supposed to be doing the ACTUAL management
- Some fire regs issues have been highlighted as moderate need to address
The sale is being held up until the regs issues are rectified and trying to get this to be effected sooner rather than later. The property company aren't - er - brilliantly responsive so:
- For buildings insurance (the RTM are the policy holder), is lack of compliance with regs likely to void the policy? I've heard two different things. Can't get eyes on ACTUAL policy as I'm not a director, I've tried
- To what extent is the resident director of the RTM liable for any serious lack of adherence to requirements?
My own thinking is that I need to establish some motivation to get some of these parties to act and legal liability or potential massive fiscal impact feel like they could be helpful. I've tried calling council and fire service already to see what leverage they may be able to apply.
I have no leasehold experience so I'm trying to feel my way a bit navigating all these entities and where responsibilities lie.
Thank you!!!