Legal Question in Real Estate Law in Massachusetts

Overcharge

If Trustees of a Condo Association find that they have overcharged/undercharged Unit Owners, are they obliged to inform them? I ask this because the by-laws refer to the owners as the ''beneficiaries'' of the Trust.


Asked on 1/20/01, 10:03 am

1 Answer from Attorneys
Charles Cobb Charles Cobb, Attorney At Law

Re: Overcharge

I believe the trustees of the condominium trust owe the duty of disclosure to the unit owners. People who buy condominium units buy into a democracy. There should not be an adverse relationship between the unit owners and the organization of that runs the trust for the benefit of the unit owners.

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Answered on 2/14/01, 8:15 am


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