Duties of the Managing Agents and Liability for Failure to Carry Out Those Duties
A managing agent’s duties to the association can arise out of the common law relationship of an agent to a principal, or by virtue of the contractual relationship between the managing agent and the association, or both. In the same manner that the board has a fiduciary duty to the association and its members, the managing agent, as the agent, has a fiduciary duty to the association as the principal in all matters connected with the agency relationship. Read the article…………..
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As a volunteer board member on your community’s homeowners association, you are not expected to understand the complicated logistical and
Many associations are considering a range of revenue-generating measures to offset ever-tightening budgets. But before you rent out your clubhouse