J.E. from Fairfield County, Connecticut writes:
Dear Mister Condo,
Mister Condo replies:
J.E., I am not sure how someone is “being considered” the condo association’s Treasurer. The Board and Officers of the Board are elected by members of the Association. Once the Board is elected, they typically hold a vote amongst themselves who will hold which office. They elect a President, Vice President, Treasurer and Secretary. The Property Manager is not an officer of the association. Technically, they are contracted by the association to perform the day to day business of the association. That typically includes acting as a custodian for the association’s funds, which includes collecting the common fees. They are not acting or being considered the Treasurer. They are doing what they have been contracted for. There is no conflict of interest for the Property Manager doing what they were contracted to do. If I have missed something in your question, I am sorry and ask that you follow up with another email to better explain the perceived conflict of interest. All the best!