Chesterfield, MO asked in Contracts for Missouri

Q: Can a board fire the professional management company and take over the duties of managing the money and work themselves?

I live in a condo association in Missouri (164 units) with monthly fees, managed by a professional company and a newly elected board. They are going to end the 3 year contract with the professional management company early (with 1 year remaining) and take over all the duties without a vote or meeting.

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1 Lawyer Answer
Ronald J. Eisenberg
Ronald J. Eisenberg
PREMIUM
Answered
  • Chesterfield, MO
  • Licensed in Missouri

A: Read your indentures and rules and regulations. I doubt that those documents require the hiring of a third party management business.

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