SharonG5 (Florida)
Posts: 2
Posts: 2
Posted:
We are purchasing a condo in Florida and are now in our "3 day exploration period" on the COA. We have learned that the former developer ( a real estate lawyer), who lives in Alabama but did retain 1 unit at the condo in Florida is now the paid property manager and also the COA President. There are 3 board members, the President, the Tres and the Sec. There is not a very active membership because most of the owners use the condo as investment property and don't want to deal with "being on a board" and are happy that the developer is such a nice guy that he will just continue to run things.
I don't know the developer, who may very well be a nice guy, but I am uncomfortable with one person holding all the cards in this situation.
Is this typical in Florida---for the developer to just stay on and manage the association after a "turnover"?
I love this condo but I am apprehensive about proceeding--is this just an over reaction on my part?
I don't know the developer, who may very well be a nice guy, but I am uncomfortable with one person holding all the cards in this situation.
Is this typical in Florida---for the developer to just stay on and manage the association after a "turnover"?
I love this condo but I am apprehensive about proceeding--is this just an over reaction on my part?