|
|
Re: residents rights vs. a association president
by Domenick (NJ)
on July 17, 2017 @05:27
|
Do you have a copy of the By-Laws? You should have received a copy when you purchased the condo. I believe most have provisions specifically prohibiting any board members from being compensated by the association for their service as a board member. It should be on a voluntary basis. It might also say something to the effect that association funds are only to pay for common area repairs and upgrades.
You could take the By-Laws and any evidence you have to a local lawyer and get their opinion on the matter. Most lawyers will review the documents and give you an opinion for free.
This sounds like a messy situation and you might have a hard time proving anything unless the check register left an obvious trail of violations.
My advice would be to organize a group of owners and vote these people off the board ASAP. Get on the board yourself. It's the only way to be certain you can protect your investment.
Domenick | http://accidentalrental.com
PS - this is why I stopped investing in condos as rentals!
http://accidentalrental.com/buying-condo-rent-out/
|
[
Reply
]
[
Return to forum
]
|
|
|
Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Realty Brokers
Landlord Articles
Tips & Advice
Tenant Histories
Other Areas
Q&A Forum
Free Forms
Essential Forms
Landlord Tenant Law
Join Now
Credit Reports
About Us
Site Help
|