J.K. from Maine writes: Dear Mister Condo, We recently purchased a condo in Maine and I have some concerns about the management. The property manager is a live in, and he is also the president of the board. The treasurer states that the property manager reports to her for guidance in running the association. The…
Search Results for: conflict of interest
Conflicting Opinions of Condo Board Member Conflict of Interest
C.C. from Connecticut writes: Dear Mister Condo, Are there guidelines in CT regarding active executive board members who sell real estate and any steps that should be taken to avoid conflict of interest concerns? Mister Condo replies: C.C., conflicts of interest come in two types – apparent and definite. Apparent conflicts of interest are pretty…
Majority Condo Owner As Condo Manager Creates Conflict of Interest
K.G. from outside of Connecticut writes: Dear Mister Condo, I am a member of my condo board. We recently discovered that our management company has not been paying the city water/sewage bill since 2011. They made a few payments but the current outstanding balance is $85K. They’ve entered into an agreement with the DEP to…
Conflict of Interest to be Paid for Service on the Board
C.V. from New Haven County writes: Dear Mister Condo, Is it a conflict of interest for the condo Board to get paid? Mister Condo replies: C.V., in my opinion it is a potentially tremendous conflict of interest for members of the Board of Directors to be paid by the condo association which they govern. However,…