Residential flat schemes—issues for the buyer
Residential flat schemes—issues for the buyer

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Residential flat schemes—issues for the buyer
  • Failure to file company accounts/annual returns
  • Short residues

Failure to file company accounts/annual returns

This is an ever-present risk in relation to tenants’ management companies, which may frequently become dormant for the want of a sufficient number of flat tenants who are willing to be officers of the management company or because those officers who are in situ are unaware of their statutory obligations. However, developer and landlord companies who are responsible for management of the development may equally become dormant.

Failure to lodge company accounts or annual returns means that there is a danger that the company in question may have been struck off the register of companies and automatically dissolved. As a result of dissolutio