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To: TheWriterTX

Not a constructive post.

Example:

“If the manager brought this to the board and the board did not move ahead, the liability is now on the board and there is nothing the building manager can do other than resign.”

So the management company kept collecting the management fees every month, even though the knew there were structural issues and had raised them to the board?

I would not want to be your insurer.


39 posted on 06/27/2021 9:07:36 AM PDT by ameribbean expat (Attention! All persons having the corona virus...please report to the nearest IRS office. Thank you.)
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To: ameribbean expat

The manager can only facilitate the decisions of the board, that is why they have indemnification clauses in their contracts.

I have refused to take on properties and terminated properties that neglected their infrastructure for this reason.

It is the same as a roofer telling a homeowner to fix the sagging roof or it will fall in. The roofer can’t proceed with the repairs if the owner does not authorize it. They are not liable when it caves in.


53 posted on 06/27/2021 9:18:16 AM PDT by TheWriterTX (Trust not in earthly princes....)
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