Resident Directors – Freehold and Management Companies: Practical Considerations

The contribution of Resident Directors is invaluable in maintaining standards and safeguarding residents’ interests and homes. However, as directors provide their assistance on a voluntarily basis alongside their own professional and personal commitments, obtaining a director’s signature to a deed or document can take time.  To avoid delays, please consider the following: 

Do’s

• Provide as much notice as possible when a director’s response or signature will be required.
• Allow sufficient time for documents to be reviewed and approved before they are signed.

Don’ts

• Do not expect a director to sign a document without first reviewing it and taking legal advice where appropriate.
• Do not request signatures at short notice or impose unrealistic timescales. Remember to bear in mind that arranging for documents to be witnessed or seeking legal representation will also require additional time.

Taking the above into consideration will enable all parties to better meet expectations and facilitate the smooth running of transactions pertaining to the development.

SE-Solicitors advise resident director clients in regards to block management matters such as deeds of variation, lease extensions, licenses to alter and generally reviewing titles and documents and also in connection with debt recovery matters.  For more information about our Property Portfolio Management services, including Debt Recovery, please click here.