Property Mgt Co and share certificate
Discussion
Hi Folks,
When we moved into a new build a few years back, the builders got a property management company (HLM in Shrewsbury) to set up and run a Ltd company on behalf of all the residents on our behalf. All householders are share holders in this Ltd Co and pay a levy each year for the upkeep of the shared areas (kids park, trees etc).
The mismanagement of this compamy is appalling, but that a story for another day.
We're trying to re-mortgage and being asked for the share certificate. We doubt we ever had one but certainly can't find it now.
HLM want £300 to issue another certificate.
Question 1 - do I have any leagl basis to challenge this?
Question 2 - as I know all the details, can I just make up another certificate? Its for a nominal £1.00, will anybody care?
thanks
When we moved into a new build a few years back, the builders got a property management company (HLM in Shrewsbury) to set up and run a Ltd company on behalf of all the residents on our behalf. All householders are share holders in this Ltd Co and pay a levy each year for the upkeep of the shared areas (kids park, trees etc).
The mismanagement of this compamy is appalling, but that a story for another day.
We're trying to re-mortgage and being asked for the share certificate. We doubt we ever had one but certainly can't find it now.
HLM want £300 to issue another certificate.
Question 1 - do I have any leagl basis to challenge this?
Question 2 - as I know all the details, can I just make up another certificate? Its for a nominal £1.00, will anybody care?
thanks
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