We have a problem in our condo which started with a contract being signed by a previous Bd Of Directors. In April of 2006 the old Bd signed a contract with the property mgt com for another 3 yr term. In June 2006 , the Pres of the new Bd fired the property mgt co and hired a new one. The old property mgt co accepted severance and then sent us a lawsuit for $200,000 for the duration of the contract we did not honour.
Our Pres at the time was in for 5 months and then we got a new Pres. Our new Pres hired a condo lawyer to help us out.
Now the lawsuit is application filed, defense filed, reply given and no action to go to trial. I am worried about it as it will be $300,000 or more when we go to court. Our Bd is thinking we might make some money if we win. How do I try to get this thing resolved without going to court??? No one seems to be giving me ,an Owner , any info accept wait. I don't want to wait for years on this issue. Can a mediator help??? What is the answer?
2007-07-17
13:07:31
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5 answers
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asked by
Anonymous
in
Politics & Government
➔ Law & Ethics