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Changing Managing Agents

Little Miss Curious · 2010-10-14 20:16:35

Hi, Could someone solve an argument for me please. I live in a development which is looking to change Managing agent. I maintain all changes must be authorised by Directors of the Management Co ( which in our case is still the developer) some others argue we can charge ahead and do as we like...who is right?

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14-10-2010 9:16pm

#1

Little Miss Curious

Registered Users Posts: 4 ✭

Join Date: September 2010

Posts: 2

Hi, Could someone solve an argument for me please. I live in a development which is looking to change Managing agent. I maintain all changes must be authorised by Directors of the Management Co ( which in our case is still the developer) some others argue we can charge ahead and do as we like...who is right?

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#2 14-10-2010 9:42pm
Victor

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The property owners are the shareholders and at an AGM/EGM there can be a motion to change the agent, which the directors would have to respect (but considering their duties as directors).

However, the directors do have day to day control.

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#3 14-10-2010 10:30pm
Paulw

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Posts: 12567

Yes, the directors must approve the change of management agents.

But, as Victor says, if you propose a motion at the AGM/EGM, then it would be highly unusual for the directors to go against the direction of the shareholders/members.

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