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Communal fund.

Started by heavykarma, November 17, 2025, 12:03:14 PM

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heavykarma

We had to form a company over 10 years ago in order to extend the leases on some studio flats.One was sold a couple of years ago to a landlord.He has been a pain from the start,not informing the council tax,leading to them trying to pass the debt to the company,and running up arrears on the monthly repairs fund.

The amount we all pay is not adequate,so it was agreed by everyone earlier this year to double the contributions.For the 5th.month this owner has continued making the old payment.I have contacted him 3 times,no response.

Recent improvements leave the coffers nearly empty.Any legal actions would cost more than he owes,and I suspect he knows this.What is worrying is that if the roof goes,we will all have to dig deep to cover it,and clearly he won't join in.

Am I right in thinking that one threat could be some sort of lean if he came to sell in future?

Any advice would be most appreciated.

HandyMan

Quote from: heavykarma on November 17, 2025, 12:03:14 PMAm I right in thinking that one threat could be some sort of lean if he came to sell in future?

Yep. Send the boys round to lean on him! That should do it.

Or perhaps you want a lien.



(Sorry, I know I'm being picky. And very sorry to hear about the difficulties you are having with this guy).

heavykarma

I like your idea better! I just need to find some heavies. x