What is a residents’ management committee and how does it differ to the board of directors?

18 Mar What is a residents’ management committee and how does it differ to the board of directors?

Usually, at the start of an estate/development an ad-hoc owners’ committee is formed to liaise with the management agent and/or developer on estate management issues. Although the owners’ committee has no legal standing the committee members often volunteer as Directors when the developers eventually handover the estate to the members.