PDA

View Full Version : Can a Community be disbanded?



fenclare
06-29-2006, 08:23 AM
We are approaching our AGM and we know because of a high percentage of non payers (unsold houses) we are going to be in debt (the fees we have collected will not pay all the bills) Can we therefore close down the Community? More and more owners (who have paid) are saying they will not subsidise the builder, who - A) lives on site and B) still has about 16 houses, many of which he is renting.
We are getting increasingly into debt to the Administrator and cannot see a way out.
What are our legal options?

Expert advisor
07-04-2006, 08:25 AM
Just like our response to your previous query, I think that in order to find the way to a solution you should visit a solicitor and explain him/her the situation providing all the documentation you may have.
Any specific reply will not resolve the general problem.

Please do not hesitate to contact us should you require our assistance.