When a new condominium is formed, the sponsor often offers a waiver period, which can lead to concerns about unpaid bills, maintenance contracts, and other operational concerns, but a proactive approach and an audit of the building's finances can help avoid financial confusion and ensure a smoother handover of responsibility. (Print: Squaring Expenses)
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“Sponsor Control” returned 4 articles
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ArticleTopicsColumn TypeIssue
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After Condo Waiver Period Ends, Financial Confusion Can Ensue
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Your Sponsor May Have Fewer Rights Than You Think
The proprietary lease will help boards deal with a stubborn sponsor.
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Tools for Taking Control from the Sponsor
How closely are you monitoring your sponsor?
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Cascading Conflicts Finally Brought Her Down
There's a reason there's a procedure for almost everything boards do.
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