Hello-I am posting this thread here, because I am having quite a difficult time with the Administrator and Council of the apartment complex that I live in.
Since I moved into the complex and bought an apartment, there have been continual increases in the monthly condo association fee 'mantenimiento', including extraordinary quotes outside the monthly for other projects.
From the beginning, I requested that there be an audit of the condo's finances and both the Administrator and Council have fought and denied that request claiming there is no money to do an audit and if we want an audit, then we will have to pay for it. Is this normal?
Looking through the rules of the apartment complex, it appears there is an article that states that the Administrator must do an annual account for the finances-audit?-to which it appears they are not doing whatsoever.
Moreover, the Administrator was delivering statements every month or 2 months with the state of the expenses for the complex, but that ended in December, 2014 and now there have been no reports for 1 year.
I would like to know what recourse, as an owner, that we have against the Administrator and/or Council, if there have been improprieties taking place in the finances?
Is it normal that the Administrator and Council do not want to audit the finances of the apartment complex?
What is the best way to proceed against them in this instance?
Thank you.
Since I moved into the complex and bought an apartment, there have been continual increases in the monthly condo association fee 'mantenimiento', including extraordinary quotes outside the monthly for other projects.
From the beginning, I requested that there be an audit of the condo's finances and both the Administrator and Council have fought and denied that request claiming there is no money to do an audit and if we want an audit, then we will have to pay for it. Is this normal?
Looking through the rules of the apartment complex, it appears there is an article that states that the Administrator must do an annual account for the finances-audit?-to which it appears they are not doing whatsoever.
Moreover, the Administrator was delivering statements every month or 2 months with the state of the expenses for the complex, but that ended in December, 2014 and now there have been no reports for 1 year.
I would like to know what recourse, as an owner, that we have against the Administrator and/or Council, if there have been improprieties taking place in the finances?
Is it normal that the Administrator and Council do not want to audit the finances of the apartment complex?
What is the best way to proceed against them in this instance?
Thank you.