Quote:
Originally Posted by I-Hate-Hulse
I'd also like to see some sort of option to turn over the Board to become "a ward of the State" when it's truly dysfunctional and incompetent. Maybe something like a Bankruptcy Monitor who takes over the role - for a fee.
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This exists. It requires someone to make a court petition to be appointed administrator, but then the administrator has the powers of a duly appointed condo board. I've been involved with 2 condo corps where this has happened, in both cases a condo management company was appointed administrator. The first order of business in both cases was to get an actual board appointed, because having few fee paying owners plus administrator fees means you're digging a hole pretty fast.
It's not an experience I'd necessarily want to go through again although in both cases it was pretty interesting.