Salary Disclosure

Started by JamesA1 • 2 replies • 2301 views

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JamesA1 (Maryland)
Posts: 21

Posted:

In Maryland, do HOA homeowners have the right to know the salaries of its management company employees, specifically the General Manager of the HOA? I recall at one time salaries had to be disclosed if they were greater than $50,00. What is the current law, Maryland and or federal regarding disclosure of salaries to homeowners? Thank you.

TimB4 (Tennessee)
Posts: 21,059

Posted:

James,

Unless the individuals are employees of the Association, it doesn't matter what the individual salaries are. The MC has a contract with the HOA to provide specific services. The HOA pays the MC an amount based on that contract. The MC then pays it's employees whatever the contract with their employees are. All you can do is view the contract. Just keep in mind, that contract will not say how much the MC employees make.

Now, if the individuals were employees of your association then, per § 11-116 of the MARYLAND CONDOMINIUM ACT and § 11B-112 of the MARYLAND HOMEOWNERS ASSOCIATION ACT, you would be able to see the salaries [emphasis added]:

Books and records kept by or on behalf of a council of unit owners [or homeowners association] may be withheld from public inspection, except for inspection by the person who is the subject of the record or the person's designee or guardian, to the extent that they concern:

(i) Personnel records, not including information on individual salaries, wages, bonuses, and other compensation paid to employees;

BobD4 (up north)
Posts: 1,002

Posted:

Presuming that your state legislates compulsory auditing & copy to unit owners to show what overall contracted management charges have been incurred solely on your particular site, why would anyone want to know what is the total general salary or earnings of any arms length supplier of goods or services possibly serving multiple communities ?

If your arms-length PMC is like PMCs here, an individual manager could be servicing 6 or 8 or more communities. I would be more interested to know how many and what kind plus their professional credentials. Someone working themselves to death, raises issues about performance when spread too thinly.

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