Has anyone ever run into a problem where the documents are not kept current? We are currently selling and The Board has not approved the upcoming budget (2014/15) which is a document my buyer needs for his financing.
The management company has blamed The Board and does not seem to willing to help get this pushed through.
I understand The Board has to approve it themselves, but is there not an onus on the Property Managers as they are a paid consultant to ensure that important procedures are followed and something such as a budget document is kept current?
|