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The Management Company is wholly owned and controlled by the leaseholders, which gives them a real voice in decision making and it is this fact perhaps more than any other which sets our Very Sheltered Housing model apart from other assisted living or extra care concepts. It is the fundamental way in which the true independence of Owners at the Courts is protected.
At each Court there is an Owners' Company. The Owner of each apartment or bungalow automatically holds one share in the Owners’ Company and the Owners are the only shareholders.
Shareholders elect their own Board of Directors who meet regularly to take the necessary decisions for the running of the Court and they are the employers of the staff. The Directors are closely supported by the staff of Retirement Security Ltd, the managing agents, which also acts as Company Secretary.
Perhaps most importantly, the Owners’ Company at each Court controls the service charge level and how it is allocated annually.
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KING RICHARD COURT
King Richard Court comprises 52 spacious, one and two bedroom apartments on three floors...
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Latest News
New Blog Post: England's Housing Strategy
29/11/2011
The Government has recently released its...
Latest Blog Post: Fairness to Leaseholders
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In his most recent blog post, Stephen La...
New Blog Post on The National Dementia Strategy
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The recent cold snap has served as a rem...
Follow our Chief Executive’s Blog
26/11/2010
Retirement Security’s Chief Executive, S...
