The condo association's board of directors also has the authority to enter into landscaping contracts
Q: I am an owner in a small suburban townhome association. Approximately 25% of our townhome association’s yearly budget is spent on landscaping, which the association is responsible for maintaining, repairing and replacing. However, there is no input from the owners regarding landscaping maintenance, repair or replacement, and the board of directors makes all the landscaping decisions.
Do we have to give that information to the realtor? A: As a preliminary matter, any unit owner, including a unit owner selling their unit, is entitled to inspect, and make copies of, the books and records of account of the association per Section 19 of the Condominium Act. Thus, while a realtor is not entitled to inspect or receive copies of books and records of the association, their client is entitled to that information and in theory could share it with their realtor.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finding the Right Financial Adviser for Your Million Dollar InvestmentHave an issue with your financial adviser or looking for a new one? Email picksmarketwatch.com.
Read more »
When the family wealth talk goes badlyPlan ahead, bring in an adviser and prepare for some awkward moments
Read more »
The Taboo Topic: How to Approach Money Conversations with Mom and DadPlan ahead, bring in an adviser and prepare for some awkward moments
Read more »
Reader's Experience with Financial AdvisorsWant advice on working with your current financial adviser or hiring a new one? Email picksmarketwatch.com.
Read more »
Options for increasing pension benefits before retirement ageHave an issue with your financial adviser or looking for a new one? Email questions or concerns to picksmarketwatch.com.
Read more »
I was earning 14% on a real estate investment, but all the financial advisers I interviewed wanted me to sell and invest in stocks instead. What gives?Want advice on working with your current financial adviser or hiring a new one? Email picksmarketwatch.com.
Read more »