I am thinking of becoming a Director. What does a Director do?
Directors act as the ear to the ground and voice for the site. Directors influence the budget, can suggest improvements, help set the timing for major works, carpet renewal etc… Directors also approve the accounts, make decisions on consents under the lease i.e. pet licenses, requests for alterations etc, make decisions on large items of expenditure and support the Property Manager. Being a Director is a voluntary role. Directors have a responsibility to ensure the covenants of the lease are upheld, make decisions and sign lease and company documents.