|
| Thursday, January 08, 2009
|
|
|
|
|
|
|
|
|
|
|
| IHG Insurance (National Insurance Provider) |
| Providing Community Association Insurance for over 25 years: D&O Liability, Crime Products, Umbrella Coverage and Property Manager's Errors & Omissions Liability. |
|
|
|
|
|
|
| You are not authorized to post a reply. |
|
|
| Author |
Messages |
|
ParkP
(Maryland)
Posts:31
 |
| 07/24/2008 1:47 PM |
|
Wrote to management to Request to reveiw books. managemnet responded let her know, what to prepare so she minimize the cost to the association, and time, and be fully prepared.
How are we to know what & why she is charging without seeing a contract.We only want to reveiw.Can she charge the association if it is not in contract? We are not able to ask the board members anything because they are above all of us.Minutes will hopefully be approved in September. The minutes never show how they voted on things.
Thanks to everyone,Park
|
|
|
|
|
JeanneK3
(Maryland)
Posts:134
|
| 07/24/2008 1:57 PM |
|
| This is not an unreasonable request from management. You should bring someone from the community along so one of you can look at the materials, and the other can copy items of interest. Along with minutes, maybe from the past 2 years, you want to see the monthly financial reports that go to the Board members and all invoices that have been paid for the past 2 years. There will be a charge (25 or 50 cents a page) for copying but that should be it. I am aware of instances in Maryland where HOAs or condos with a lot to hide want an attorney to sit with you at $300 an hour. If this happens walk out and immediately file a complaint with the Office of Consumer Protection, Maryland Attorney General's Office. |
|
|
|
|
SusanW1
(Michigan)
Posts:2316
|
| 07/24/2008 2:04 PM |
|
What information would be in "the books" that you could not find out with an end of the year financial report? (which you should have gotten at the Annual Meeting)
What are you looking for? Do you want to see each expense category's itemized report (each category itemized out, check by check)?
|
|
|
|
|
MaryA1
(Arizona)
Posts:2498
|
| 07/24/2008 3:00 PM |
|
Posted By ParkP on 07/24/2008 1:47 PM
Wrote to management to Request to reveiw books. managemnet responded let her know, what to prepare so she minimize the cost to the association, and time, and be fully prepared.
How are we to know what & why she is charging without seeing a contract.We only want to reveiw.Can she charge the association if it is not in contract? We are not able to ask the board members anything because they are above all of us.Minutes will hopefully be approved in September. The minutes never show how they voted on things.
Thanks to everyone,Park
Park,
Many mgmt co's do charge the assn for copies of records that they make. Apparently this is the case with your mgmt co and I applaud the manager for being concerned about keeping the costs down. The charges are not being billed to you so why do you care about seeing the mgmt contract? Why not just do as she suggested and take it from there? If, on the other hand, you don't want copies of anything there won't be a charge. Just let the manager know exactly what you want to review. Be specific as to what documents you would like to see.
|
|
|
|
|
ParkP
(Maryland)
Posts:31
|
| 07/25/2008 5:16 AM |
|
Jeanne. thank you i have been in touch with the consumer protection.Realize if copies are made, there will be a charge. Was unaware of charging association, have been told from a management company this was usually part of the contract. (meaning i pay for copies )Doing all my steps, the way i have been informed to do.
This site is great, very educational. I do not write that great but i try!What would come under correspondence? |
|
|
|
|
|
| You are not authorized to post a reply. |
|
|
General Legal Notice: The content of forum messages are from the posting member and have not been reviewed nor endorsed by HOATalk.com. Messages posted by HOATalk or other members are for informational purposes only, are not legal or professional advice and do not constitute an attorney-client relationship. Readers should not act upon this information without seeking professional counsel. HOATalk is not a licensed attorney, CPA, tax advisor, financial advisor or any other licensed professional. HOATalk accepts ads from sponsors but does not verify sponsor qualifications nor endorse/guarantee any sponsor's product or service.
HindmanSanchez Legal Notice: (For messages posted by HindmanSanchez) This message has been prepared by HindmanSanchez for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Members of HOATalk.com should not act on this information without seeking professional counsel. Please do not send us confidential information unless you speak with one of our attorneys and get authorization to send that information to us. If you wish to initiate possible representation, please contact an attorney in our firm. Our attorneys are licensed to practice law in the state of Colorado only.
Legal Notice For Messages Posted by Sponsoring Attorneys: This message has been prepared by the sponsoring attorney for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Readers of HOATalk.com should not act on this information without seeking professional counsel. Please do not send any sponsoring attorney confidential information unless you speak with the sponsoring attorney or an attorney from the sponsoring attorney’s firm and get authorization to send that information to them. If you wish to initiate possible representation, please contact an attorney in the firm of the sponsoring attorney. Sponsoring attorneys that post messages here are licensed to practice law in a specific state or states as indicated in their message signature or sponsor’s profile page. (NOTE: A ‘sponsoring attorney’ is an attorney that is a HOATalk.com official sponsor and is identified as such in the posted message or on our sponsor page.)
|
|
|
|
|
|
|
|