Previous condo board was incompetent or worse
My husband has recently become President of our Condo Assn. Unfortunately, it looks as though the business has been run like an "ole boys club" as far as finances were concerned. Even to the part of there not being ANY record of the past president paying his monthly maintenance fees for two years, and for "excusing" others of paying them becuase they were "stressed" as he put it. We are NOT a rich association and have had to go to the owners a couple times in the past two years for special assessments. We have an accountant and we are wondering why this kind of thing has never been questioned. I won't go into it, but there's a LOT of moeny that seems to have NOT been deposited from the washers/dryers either. What to do? Past president has just sold his unit but won't close on it for about 3 weeks, if that matters.