Up Holding Property Value

Started by RollandB • 2 replies • 1402 views

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RollandB (Utah)
Posts: 1

Posted:

We have a Board that doesnt feel it nessasary to modify the CCR's to include a rental cap, In addtion they havent done anything to chase our much needed reserves (currently 200% behiend scheduel)what can we do as owners to make sure the are seeking our best interests?

GlenL (Ohio)
Posts: 5,491

Posted:

Replace them either at the next election or call a special meeting and recall them.

Studies show that 5 out of 4 people have problems with fractions

DonnaS (Tennessee)
Posts: 5,671

Posted:

Rolland,

Your governing documents might say that any change to the useage of the properties (including rentals) might need to go before the membership for a vote to change. Chances are that the Board does not have that power. (Fl. Statutes require the members to vote to change to a non rental or restricted rental policy Rentals seems to be something that you are addressing in this post as well as the Reserves. Replace the Board with candidates that are more responsible and more responsive to your concerns.

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