Our condo pres got elected for 5 months by proxy and during that time he has managed to fire, hire and fir , hire again 3property management companies in 5 months. The first property mgt co was here for 3 years and had it's contract renewed by the previous pres when the new prs came in and within 2 weeks cancelled the contract and everyone had to leave. The first property mgt co gave the condo corp a lawsuite worth$200,000 plus interest and legal fees for firing them "no just cause". The condo is in the middle of examing these actions. The past pres has not been re-elected and a new pres is responsible for overseein gthe mistakes of the past pres. The past pres threathens legal action is they find him personally responsible for the lawsuit as the corp will personally sue him for his irresponsible actions. If everything happens like this it could go on for years and I live here and worry about the cost to me for legal fees etc. Can anything be done to remedy this problem.?
2006-12-21 14:32:46 · 6 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
How is the president doing this all alone? Where's the rest of the members of the board?
2006-12-21 14:41:55 · answer #1 · answered by Yak Rider 7 · 0⤊ 0⤋
I think it would be wise for the Condo Corp to hire a lawyer quickly to review what has happened and how things can be minimized. I would also suggest that the Condo Corp make it a policy to consult a lawyer before cancelling contracts and issuing new ones to ensure that there is a written "out" clause for both parties that is fair and equitable.
I hope this helps.
2006-12-21 14:42:38 · answer #2 · answered by D N 6 · 0⤊ 0⤋
You should have a set of bylaws that govern what can/cannot be done by the association. If the bylaws do not permit something then they will need to be amended. This is done by the association members (owners). You will need to set a meeting and need a quorum of members. At that meeting with a motion, second and member approval you should be able to set such things as late payment fees if your bylaws allow such action. If the bylaws does not permit such action then someone needs to motion an amendment to the bylaws and it needs to be approved by the association members. FYI - my townhouse association has the right to raise fees by 10% a year without any member approval. We have late fees after 15 days of due day ($25) and after 2-3 months it is referred to an attorney to file a lien against the late payer's unit. Then the member is assessed late fees and legal fees for filing/removing the lien.
2016-05-23 11:37:24 · answer #3 · answered by MarilynAnn 4 · 0⤊ 0⤋
Quit living in condos. Buy your own land, build your own house, and do whatever the hell you want. I have never understood why anyone would willingly submit to condo boards or home owner's associations. You might as well move to Russia.
2006-12-21 14:47:22 · answer #4 · answered by normobrian 6 · 0⤊ 0⤋
I didn't know that Bush managed condos on the side. You just have to do as much damage control as possible and wait until his term runs out. Costly mistake.
2006-12-21 14:41:41 · answer #5 · answered by Kim 4 · 0⤊ 0⤋
Have the HOA take a vote.
2006-12-21 14:38:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋