Q. I live in a condo complex in Rhode Island. I only receive a financial statement once a year. I would like a monthly expense sheet and income tax return sent to me. The management company and the treasurer have not answered me. Is there…
Tag: Transparency
Q. The election of officers did not occur at our condo’s annual meeting, nor was a date and time set for the election. The election of officers has not occurred within the 10 days as stated in our bylaws or state statutes because there wa…
Community association and co-op boards typically consist of elected volunteers whose job is to serve the best interests of the community in day-to-day decisions both big and small. In an ideal world, every board would live and die by its fi…
Q. We live in a 64 unit condo in Massachusetts and feel that the board of trustees is not following their fiduciary responsibilities. The treasurer resides out of state, and has all maintenance invoices sent to her monthly. She is, theref…
The board of a condominium, cooperative, or homeowners’ association literally exists to serve, and to represent residents’ best interests in the day-to-day business of the association. The relationship between the owner/shareholder and the …
The key to any healthy relationship is good communication. That holds especially true for the sometimes-delicate dialogues that take place among residents, shareholders, board members, and managers in co-ops and condos of all sizes and conf…
A condominium, cooperative or homeowners’ association thrives or falters based on how all of the various stakeholders involved can come together in effort to achieve a common goal: the maintenance of a successful and stable residential comm…
Community living – the very basis of co-op, condo and HOA life—is based on the idea of trust. In a community of potentially hundreds or thousands of residents, every resident can’t be involved in the making of every decision. Too many cooks…
Q. Understanding that Massachusetts law enables all condo members to attend board meetings, my question is whether this also holds true if meetings are held in a board member's private residence. Are there any guidelines that differ betwe…
Q. I am a first-time condo owner. The way the trustees do business does not seem correct to me. First, they will not allow owners to communicate directly with them or the condo’s accountants. Every communication must be sent to the one em…