LIVING AT HELENA COURT, HIGHLANDS GARDENS
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Photo: Tom Gilling |
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Helena Court Residents Association HCRA is, like many residents associations that own a property, a company limited by guarantee. It is not a commercial company. It has been the landlord of Helena Court since 1990. It acts in the interest of the leaseholders and residents. The Association is run very much "by the book" meaning the lease and the company statutes. Each year there is an Annual General Meeting at which the leaseholders elect directors to the board of directors, the accounts are adopted, and maintenance plans and the level of service charges are discussed. Arko Property are employed by the Association as the managing agent for the property. As an independent firm acting under contract, the Agent is neutral and so acts on behalf of any and all of the leaseholders or residents as required. Thus problems, complaints and so on should normally be addressed to the managing agent. Ideas for improvements or any complaints about the agent should be given to one of the Directors. The Residents Association works as a cooperative. This approach has proved a better solution financially and in terms of quality of life than having a commercial landlord or making the flats freehold properties individually. But it does require goodwill and cooperation from all leaseholders in order to keep things running properly. It also requires commitment of leaseholders willing to commit time and effort as directors. The Association is a member of the Federation of Private Residents' Associations, meaning we benefit from legal advice and the experience of other associations countrywide. |
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