Becoming a Resident Director is a major responsibility, but it’s also an opportunity to make a difference in your community’s future. This article will delve into the various roles and duties of a Resident Director and how Winfields Block Management can be of assistance.
Who is a Resident Director?
Resident Directors are volunteers chosen by fellow leaseholders to manage and maintain their building and communal areas as part of the Resident Management Company (RMC) or Right to Manage Company (RTM). Their duties include ensuring that all homes comply with their lease or deed obligations, deciding on the best course of action to achieve this, and managing the building themselves or hiring a professional managing agent such as Winfields Block Management.
Typically, RMCs are established by the building’s original developer to safeguard everyone living in the development. The RMC is made up of equal members or shareholders who are usually leaseholders in the development, working together to make decisions that benefit the entire community.
How do Resident Directors assist their community?
Resident Directors collaborate with the property manager to maintain a secure, clean, and enjoyable environment for residents. They supervise the general upkeep of the building and communal areas, make decisions that benefit the entire community, and create plans for the future. It’s crucial to note that every Resident Director has a duty to comply with a variety of health and safety regulations that safeguard everyone in the development.
What are the responsibilities of Resident Directors?
A strong team of Resident Directors is necessary for any RMC to succeed. Since an RMC is a limited company, all Resident Directors have legal responsibilities that must be followed. These include maintaining all statutory records and reporting any changes, keeping accurate financial records for the RMC, ensuring compliance with all relevant laws and regulations, and guaranteeing that appropriate insurance is in place to safeguard themselves and the development.
What is a property manager?
As RMCs typically comprise leaseholders in the development, they may require extensive knowledge of landlord and tenant laws or health and safety regulations. RMCs frequently engage a professional property manager like Winfields Block Management to oversee the development’s operation. With our expertise, we help fill any knowledge gaps within your RMC to ensure that everything is observed and that the community is an excellent place to live.
How can Winfields Block Management assist?
We collaborate with numerous RMCs to help them manage their developments. With over 40 years of experience, we understand what’s required to assist you in meeting your legal and management obligations. By selecting us, we will:
- Ensure compliance with health and safety, fire risk assessment, and asset regulations.
- Conduct regular site visits to evaluate performance; Manage repairs, maintenance, and major works.
- Issue service charge budgets and accounts and process payments
- Ensure adequate insurance coverage is in place.
- Provide financial and management information via our online portal.
- Serve as your Company Secretary if necessary
Interested in learning more? Contact us today.