Right to view Documents - PART II

Hello, friends!

I received an email response from management. The only things they agreed to provide were the past audits and the 1997 lease between laundry company and our condo building (in NJ).

Here is a list of things we owners are not entitled to. PUtting it it caps because I don't think bold facing works here ("OUR ATTORNEY ADVISES THAT YOU ARE NOT ENTITLED TO SEE THIS.") :

1. Proposal provided from XXXX (laundry company) dated November 2014. (I had asked because the laundry company gave me a copy of what they had provided in 2014, which the Board decided not to accept, and Board said that the copy I was provided was not what they had promised in the Proposal the Board was given in 2014. So I asked to see their copy to see what was, in fact, true. I am not allowed to see that. It is JUST A PROPOSAL from 2014 that was never even considered.

2. Closing statements of the initial loan granted, as well as the second one that was applied for and granted in January 2016 (or thereabouts) and ALL related paperwork for both, including but not limited to initial applications and reasons and the projects proposed to the bank for the loan monies to be applied towards. (Loan total of 2.1 million)

3. Amounts applied to each said project completed.

4. A list of Units owned by the Association, and monthly rental incomes of each unit from January 2015 - Present. (For this, he only listed ONE apartment - because he knows I know of THAT 1 unit, but owners have told me there are a lot more than this.)

The NJ law requires that they provide all receipts we ask for as owners. Now, should we owners not be entitled to see the LOAN application and closing documents and the projections and payments? At this time the Board is only paying the interest monthly, nothing is being applied to the Principle loan amount. It is all VERY mismanaged.

We already suspect there is kickback stuff going on, and we deserve to be able to view all documents.
If you would like, also, you can respond to me directly at username enufzenuf and this is on the yahoo email account.

Thank you in advance for all your help!!!

OOps, We are a 200-unit condo building. And yes, ALL rental income should be shown on the final audits. It is not.

How does the HOA "own" these units? Not really clear to me. Typically a HOA would never want to own a property. They may have a property manager that manages the property on the behalf of an owner. I just don't see an actual HOA owning a unit and renting it out.

You do understand your a member of this HOA your "fighting" right? So don't get to far into your battle to find out your battling yourself...

Be careful of what you ask for... You may not really agree with some of my advice but it's not coming from a bad place. Just a reality place.

I agree with much of what the response was for denial of review of those records. Do not believe you or others need to see or have access to much of that of which you were denied. Remember you and your neighbors elected people to represent you on the daily operations of the HOA. So even if you see this information, not much you can do about it. Your not in a position to make changes in budgetary changes or approvals.

Now that is NOT to say your not powerless. It just means you need to take another approach. That is to vote and elect the board out you all feel is not representing your best interest. That is only half the battle. You need to vote on people who you DO feel represent.

If you have those two things, then you don't need all of this "witch hunting" efforts. You will have your majority of involved owners who are in charge of their own destiny.