MaureenM1 (PA)
Posts: 344
Posts: 344
Posted:
Our homeowner's association has recently taken over control from the builder of our HOA. We are a small 40 townhome developmnet with 4 townhomes to be built.
Our Declaration states that the Board be forwarded leases 10 days after execution. The builder who was previously president of our association (until turnover) owns and rents 11 homes. We recently asked our PM for copies of all the leases. It took some time to get them and when we did the dollar amount of the rents were greyed out.
We emailed the PM and she said that the Board only needs the names of the people renting and no other information and if we want an attorney's opinion she could get one at their hourly fee.
The attorney that we had before turnover was the builders attorney and the builder picked our management company.
We have a year's contract with the management company, however, the new Board is thinking that we should change the management company when the contract is up due to the fact that they were selected by the builder and the builder is still involved with the development as he is a homeowner of 11 homes and still is building 4 homes. The Board feels this to be a conflict of interest.
The Board is in the process of hiring an attorney to help with the transition. Should we be discussing these type of issues with the attorney who will be overseeing our transition? Another issue that has arisen is limiting rentals since we are a small development.
Any advice on this would be appreciated.
Our Declaration states that the Board be forwarded leases 10 days after execution. The builder who was previously president of our association (until turnover) owns and rents 11 homes. We recently asked our PM for copies of all the leases. It took some time to get them and when we did the dollar amount of the rents were greyed out.
We emailed the PM and she said that the Board only needs the names of the people renting and no other information and if we want an attorney's opinion she could get one at their hourly fee.
The attorney that we had before turnover was the builders attorney and the builder picked our management company.
We have a year's contract with the management company, however, the new Board is thinking that we should change the management company when the contract is up due to the fact that they were selected by the builder and the builder is still involved with the development as he is a homeowner of 11 homes and still is building 4 homes. The Board feels this to be a conflict of interest.
The Board is in the process of hiring an attorney to help with the transition. Should we be discussing these type of issues with the attorney who will be overseeing our transition? Another issue that has arisen is limiting rentals since we are a small development.
Any advice on this would be appreciated.