Please advise if Board of Directors can allow ONE INVESTOR, who resides in Peru, to purchase SIX UNITS in our building to rent out; to have SIX VOTES without the approval from owners - not having the 2/3 vote of owners?
Secondly, this investor has taken out a QUIT CLAIM DEED, ALL on the same date being 10/31/2016 and transferred all six units into LLC entities - now our association has a rental ratio of FIFTY PERCENT with NO cap and units are being turned into business entities.
Please advise if a board has the power/authority to this?
Please do not advise or suggest to get a new board as the problem is NO ONE WANTS TO HAVE IT!
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