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Why is property manager withholding HOA financial information?


Question:

I am presently having a problem with our property manager obtaining information regarding the miscellaneous expenses reported on the monthly report to homeowners. To be honest, our monthly miscellaneous expenses are very high eg. $5,300 for the month of August 2011. I presented my concern to our property manager who was conducting our HOA meeting, and asked him to tell the homeowners present, what line items accounted for the $5.300. He informed the homeowners that he did not have that information at hand, and asked me to contact him to obtain that information. I've emailed my request for this information with no response from our property manager. It's been now, 3 requests that I have made asking him for the information. I am very disappointed that he is not responding. I'm only fulfilling his instructions to contact him to obtain this information. According to the Illinois Condominium Act Section 19,delivering information properly req uested, is a legal obligation and not a courtesy to unit owners. Early in the year, the HOA board rejected my proposal to have a finance committee. I am not trying to be a difficult homeowner. I am only trying to obtain pertinent information regarding questionable expenses. There are other homeowners concerned as well. Should I continue pursuing this matter? What is a reasonable fee for copies of this information, if the property manager brings it up? The miscellaneous expenses report is only one single page. How much could that be?


Answers (13)

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