Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Tribune News Service
Tribune News Service
Business
Gary M. Singer

Real estate Q&A: When it comes to condo boards, apathy can be expensive

Q: In our condo association we don't have enough people who want to serve on the board of directors to fill all of the seats necessary under our documents. What can we do? _ Tom

A: Owner apathy is probably the most significant issue facing community associations. For your community to run properly, enough of your neighbors will need to volunteer for the difficult and often thankless job of serving on the board. If enough people do not step up to fill the required seats, the law allows any owner in the community to apply to the court to have a receiver appointed to run the association until enough owners can be found to serve.

Unlike neighborhood volunteers, a court-appointed receiver will be paid a salary by the association, and the costs of having the receiver appointed will be reimbursed to the owner who applied. Receivers can be expensive, so a special assessment will most likely be levied against all owners to cover these costs.

Since this is a drastic move, the owner making the application must notify the association at least 30 days before filing with the court and must post the notice conspicuously for other owners to see. The announcement tells the other owners that unless the vacancies are filled, the court will be asked to have a receiver appointed. Upon seeing this, your neighbors would be wise to find volunteers to serve their community.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.