Residents Associations advantage the property management process
During each Annual General Meeting held by lpm, Clients are asked to consider, where a quorum is achievable, setting up a Residents Association. When a Residents Association cannot be legally formed, we encourage Clients to set up a Steering Committee, which is similar, but with no decision making powers.
The dedicated lpm Estates Manager meets with the Committee representatives on a quarterly or six monthly basis, ensuring there is an open channel of communication, to discuss matters relevant to the maintenance and management of the development. In our experience, this is the most effective way to manage the development, as ultimately the decision making authority is passed to the representatives who are working on behalf of the homeowners.
lpm are obligated to ensure developments are managed effectively and in accordance with the Code of Conduct for Property Factors. As a company, we are committed to ensuring that our Clients are involved in decision making for their development, by affording them every opportunity to be involved in the process.
Residents Committees are extremely popular and having one in place is in the best interests of the collective Clients within the development.
Committee meetings are normally held on a weekday evening. It is within the remit of the dedicated Estates Manager to attend these Committee meetings and as such lpm do not apply an additional charge for attendance.
lpm Doing it the right way