Is a condo board obligated to call a vote when an investor comes knocking?

Q:  I live in a 38-unit condominium building. I recently learned that an investor contacted our board of directors. The investor was interested in purchasing our building to deconvert it into apartments.  The investor offered the board a very attractive price. Each condo owner would have received about 30 percent more than what the condos currently sell for. The board turned down the investor.   Read the article…………..


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