GrahamO (Ontario)
Posts: 55
Posts: 55
Posted:
Seems to me that many of the postings are related to problems with Management Companies. There is a current thread that describes the problems of getting bank statements from the MC. It’s puzzling to find that cases like these are permitted to go on, and it’s mystifying to wonder why the BOD allows the MC to disregard its responsibilities.
These are all stories of “the tail wagging the dog”. Isn’t the answer simply to have a contract between the association and the MC that spells out the terms of the MC’s engagement? Three important sections bear mentioning. (1) The contract should list a complete range of services the MC will be expected to provide. (2) There should be a clause that says … “in attention to the specific duties outlined, the MC will be expected to provide the BOD with prompt and acceptable responses to all other requests that can reasonably be expected to be answerable by the MC. (3) The MC shall be aware that unsatisfactory service in regard to the carrying out of the MC’s obligations may result in a cancellation of the contract, at which time payment will be made up to the day in which the MC leaves the position.
I am not a lawyer and it would be a good idea to get the above worded in a more “lawyerly” manner. But surely, a good understanding of the duties of the MC, by the MC, and a good understanding of “who’s working for who”, would put a lot the anguish to rest. Agreed?
These are all stories of “the tail wagging the dog”. Isn’t the answer simply to have a contract between the association and the MC that spells out the terms of the MC’s engagement? Three important sections bear mentioning. (1) The contract should list a complete range of services the MC will be expected to provide. (2) There should be a clause that says … “in attention to the specific duties outlined, the MC will be expected to provide the BOD with prompt and acceptable responses to all other requests that can reasonably be expected to be answerable by the MC. (3) The MC shall be aware that unsatisfactory service in regard to the carrying out of the MC’s obligations may result in a cancellation of the contract, at which time payment will be made up to the day in which the MC leaves the position.
I am not a lawyer and it would be a good idea to get the above worded in a more “lawyerly” manner. But surely, a good understanding of the duties of the MC, by the MC, and a good understanding of “who’s working for who”, would put a lot the anguish to rest. Agreed?