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.
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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