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Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

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Luba housing

Resident Owned Flats

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ISBN13: 9780421472006
ISBN: 0421472006
Published: February 1994
Publisher: Sweet & Maxwell Ltd
Price: Out of print

This book examines in detail how residents can co-operate in forming a company to purchase the freehold of their block or flat, giving clear and comprehensive instructions for each stage of the process. * It takes account of recent legislative developments, and includes useful lease precedents and the memorandum and articles of association required for tenants to successfully complete a purchase.

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Include: How to set up the management company and arrange to buy the freehold, including deciding the purchase price. How to run the management company, including transferring ownership of flats and dealing with repairs and insurance. How to organise the company accounts. Comparison of this system with other systems of co-operative ownership such as fully-mutual housing associations and the proposed commonhold system.