Our developer sold all 40 units in one year but he had not tried to elect a new board of managers. Then some unit owners held a meeting without informing the developer. The meeting was on very short notice (only a few days), but majority unit owners did attend. The organizer appoint themselves as new board of managers. Now they hired their own management company and begin to collect maintenance fees. How can I find who is the current legitimate board of managers? Also, most unit owners have not paid maintenance fee to the sponsor in the first year (he did not tried to collect before he sold most the units) so he should have lots of related debts, how is that debts affect us. How do I know if the sponsor has incorporated our condo association? The new board also registered a company. Can they just register a company and assume it's incorporated from the condo association? If the sponsor has incorporated the association, do we inherit the debt of the company?
Answers (1)
What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
