Legal Question in Real Estate Law in New Jersey
Condo Management Questoin
To Whom It May Concern,
We are a developer in New Jersey and have majority vote to terminate a contract with the current condo manager. The current manager refuses to turn over the documentation to the new management company. What can we do to obtain these documents? Can we report the management company in question? Thank you.
2 Answers from Attorneys
Re: Condo Management Questoin
You have several causes of action and can sue the current manager. If done correctly, you can probably have everything move along fairly quickly. Check with a business lawyer in your area.
See also: http://info.corbettlaw.net/lawguru.htm
Re: Condo Management Questoin
Why did they say they would not return your records? Do you have a written contract with the management company? What does it say about termination of their services? Chances are they are asking for money, and by agreement or unilaterally they are claiming a lien on your records. In any event, to be blunt, you are best off having an attorney review the agreement with the management company, and your correspondence, your reason for terminting them, etc., and then ask for an opinion on how to address the problems. They will not respond to you. No one wants to spend $$$ on an attorney, but sometimes, you have no choice, and this is one of those times. If you have not had a CPA and an attorney review the status, records, condition of your association in a while, you should get a "check-up" anyway. Few associations do that, and eventually the association will have a problem, and it will be a much bigger problem than it should, because associations procrastinate! It's like going to a doctor - you should get checked out regularly, and the older yo uget, the more ofetn you should get checked out. When people don't, the next you hear, they have something terrible, and they end up with a HUGE problem, and maybe end up near death, or worse! Type up a summary, get your records together, see an attorney, and after this problem is adreessed, have the association and it's financial status "checked out", before the association ends up chronicly "ill". Good luck!