Richmond

ORGANISATION

The estate is run by the leaseholders for the leaseholders and is owned and managed by the leaseholders of the flats through a limited company [Courtlands Estate (Richmond) Ltd] which owns the freehold.  On purchasing a flat on the estate the purchaser is issued with a share in the company.   The shareholders elect up to ten of their own number to serve for a period of three years (renewable) on the Board of Directors which, with the help of a small staff, runs the estate for the benefit of all leaseholders and residents.   The elected Board of Directors appoints one of their number to serve as Chair.   At any time between AGMs the Board may co-opt other shareholders to join the Board if the number of Directors falls below ten, such co-optees will stand for election at the next AGM.

The Board of Directors and Staff are guided by the following principles in the overall management of the estate:

• Driven by long term planning.

• Maintain a balance between feasible service charges and high standards.

• Manage the estate for the benefit of all residents.

• Always seek value for money.

• Be fair, transparent and objective.

• Ensure that lease terms are adhered to.

Board meetings are generally held on a monthly basis.

Three Board sub-committees provide additional support to the Board and Estate Manager:

1. Finance & Management Committee.

2. Buildings Committee.

3. Gardens Committee.

The Committees meet every other month or as needed.

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