The_Marshall
Junior Member
We own a condo in a mixed use building consisting of 27 residential & 5 commercial units.
All of the residential units have been sold, two of the commercial units are sold, and the remaining three unsold commercial units are owned by the Builder/Developer. The three commercial units have not been completed and no certificates of occupancy have been issued by the building department. The Builder/Developer used her percentage of voting power, (which is quite strong based on square footages), to elect herself to a position on the Condo Association Executive Board after the release of Declarant control to unit owners, is currently acting as the Property Manager for the building, and she acted as the RE Seller/Buyer's Agent for most of the units. In addition, the President of the Condo Association is another owner of one of the commercial units, but is also the Architect who designed the building.
Obviously, their positioning themselves on the Board has left the remaining Owners with virtually no power to remedy numerous issues that exist in the building. They amended the bylaws, deleted some ammenities that were included at point of sale, have not completed common area elements, have code violations in several units, have severe noise transference issues between units, have not been performing adequate cleaning or maintenance, etc...
Does anyone know if this would constitute a conflict of interest and if so, under what law or act could it be enforced?
Should the Builder/Developer be allowed voting rights since the units they own are not completed?
I have read the PA Uniform Condo Act, but there are not any direct references to this situation.
Seems like a monopoly to me...
Any help would be greatly appreciated!
Thanks!
All of the residential units have been sold, two of the commercial units are sold, and the remaining three unsold commercial units are owned by the Builder/Developer. The three commercial units have not been completed and no certificates of occupancy have been issued by the building department. The Builder/Developer used her percentage of voting power, (which is quite strong based on square footages), to elect herself to a position on the Condo Association Executive Board after the release of Declarant control to unit owners, is currently acting as the Property Manager for the building, and she acted as the RE Seller/Buyer's Agent for most of the units. In addition, the President of the Condo Association is another owner of one of the commercial units, but is also the Architect who designed the building.
Obviously, their positioning themselves on the Board has left the remaining Owners with virtually no power to remedy numerous issues that exist in the building. They amended the bylaws, deleted some ammenities that were included at point of sale, have not completed common area elements, have code violations in several units, have severe noise transference issues between units, have not been performing adequate cleaning or maintenance, etc...
Does anyone know if this would constitute a conflict of interest and if so, under what law or act could it be enforced?
Should the Builder/Developer be allowed voting rights since the units they own are not completed?
I have read the PA Uniform Condo Act, but there are not any direct references to this situation.
Seems like a monopoly to me...
Any help would be greatly appreciated!
Thanks!
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