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| Property Management Problems etc | killerfoxx |
| What happens if a property manager not only has signing authority of the corporation, but ignored a requisition meeting by owners and still spent 50K on landscaping project who by the way is owned by the President of the property management company to which she works ie(Certified Business Registry) The board at the AGM was replaced 2 out of 3 persons, but the remaining director(Former President) went and still spent the 50K, with no notice to owners.
So here is my question, is a property manager allowed to ignore a requistion meeting:? Is a property manager allowed to deny new directors financial information including bank statements and signing authorities? Is she allowed to continue projects of $50K without notifiying the new board? If the property management company also owns the landscaping company isnt it a conflict of interest? Now the former board is requesting a requisition meeting to remove newly elected officers, after one board meeting, the one director that was allowed to stay also signed the petition to remove herself? She had her neighbor lie door to door to neighbors claiming the new board would waste money, new board hasnt spent 1 dime! Old president is using corporation money to discuss with lawyers ways to work around the condo act, and our property management company has an article on there website in how to get around section 97. Board minutes to halt the project were ignored by property management, Is this because they are the same owners? What do we do, when property management doesnt disclose information to new board? Is the new board allowed to hire new property management company before requisition meeting? What protects the new board from being constantly harrassed by the same 13 people including one director former president? How do we stop the same 13 people from calling meetings every two months? Do we report company to AMCO? |
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| ORIGINAL POST | Posted At: 2010-06-30 20:08:34 |
| Richard | |
| The owners can hold their own meeting, since the board failed to do. Those costs are the corporations.
The conduct of the manager, is the responsibility of the board at all times. The board and the corporations carries the costs and the liabilities. |
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Posted At: 2010-07-08 06:06:14 | |
| Jade | |
| Your post is rather confusing. Is the former President still on the Board?
Do you now have three directors on the Board? Are there two who agree on matters? If you are a majority, your Board can make and pass a Motion to dismiss the Property Management firm. No, a Property Manager cannot ignore a Requisition. As long as there is 15%of owners, the meeting must be held. The Agenda should be clear and thorough. You cannot stop 13 people from activating. All owners have the right to strive for what they think is right. All you can do is try to promote what you think is right. It is not wise to keep removing directors. All directors must act in good faith, according to Section 37. If you do not want the Property Manager to have signing authority, directors can pass a motion to change that. The Property Manager works for the Board. The Board must give directions to the Property Manager. |
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Posted At: 2010-08-11 11:52:08 | |
| Jade | |
| Hey Killerfox, what is happening with your problem?
Jade |
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Posted At: 2010-08-24 21:22:35 | |