The Old Meadow Management Company Ltd, which we refer to as the Residents' Management Company (RMC) was established to take ownership of the external common areas (ECAs) of the estate. The ECAs include roads, gardens, street lighting, security gates, communal TV system, and the car parking spaces of the leasehold flats.
Negotiations are ongoing with the developer (Barratt David Wilson Homes) to finalise the legal transfer of ownership. It is hoped the transfer will be concluded soon.
Each household (freeholder of a town house or leaseholder of an apartment) is eligible to hold one share in the RMC.
The apartment blocks do not form part of the ECAs and therefore the RMC has no control over the upkeep and maintenance of these buildings, which are administered by the block freeholders (see below).