Question:
board members have a fiduciary obligation to protect unit owners funds.
do board members have the right to hire & pay whoever they want? does the board have the right to hire & pay anyone without obtaining votes by unit owners. the board hired a management company that had no experience or knowledge of the complex maine condo laws. when i sent 4 emails to mgmt regarding charging unit owners for electric when each owners must pay their own electric bills. whatever question unit owners may have neither the board nor mgmt provide any answers. the board makes all decisions such as to hiring a mgmt company that has never been mgmt company for any maine condo association.
– Robert
Answer:
Hi Robert,
HOA boards generally have the authority to select vendors for the association, including a management company, without obtaining approval from the rest of the membership. That being said, make sure to check your governing documents for the exact procedures in your HOA, as these can vary from one to another. Additionally, board members have a fiduciary duty to make decisions that are within the best interests of the community, and that includes choosing the right vendors.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
