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Condo docs say owners have first right of refusal on units for sale


Question:

I am a board member of a 60 unit condo. The Declaration was filed in 1985. It states that a unit cannot be sold without notification of the board and the Association has the first right of refusal. A unit sale has taken place without this rule being followed. The board found out after the closing. I was told someone at the management company told the seller it was ok to sell. Does the management company have this power? I do not find this in paper work I have. Does the association have any recourse, since the closing was completed. It was bought by a financial group to be rented or leased. We have good association and few vacancies. I could not find this looking at the archives. Thanks


Answers (28)

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