Delinquent Accounts allowed interest waivers

Delinquent Accounts allowed interest waivers

"Our records show?"  No kidding.  Really?  Seems they have showed for a long time and the mismanagement of the building was incapable and is still incapable of getting the accounts up to date and dealing with all these matters.  This as well as the money paid for unspecified units should have been dealt with on a daily and weekly basis.  Unfortunately, the totality of the mismanagement of the building has neglected to properly deal with the situation allowing months and years to go by with Soho Central Condominium Corporation suffering.  The Corporation is made up of the members (Unit Owners) who have been left in the dark only with partial answers at best and disgusting replies and actions at worst.

Tenants are not where the responsibility of dues ends.  Unit Owners are the responsible parties not those who rent.  Once again, "some reason" should have been investigated long ago and immediately.  Proper legal actions should have been made but the mismanagement of the building has allowed the current serious problem to fester along with the elevator disaster.

There is so much awful writing in the memo serious effort needs to be made to enhance quality.  The first two sentences of paragraph two have contradictory information.  Did anyone notice before posting?  I guess not.  After all, why should they.

Besides dues and assessments there should be fees for the function room, ad charges, business rentals, fines and other monies such as refunds for odd & curious overpayments.  Yes, seems quite a sum is missing in action on the financial statement.

What is an erroneous payment in regard to the accounts or is this just a duplication of thought or incorrect term?

It would seem the value of the units have declined.  We just heard of another unit sold for 1,000,000 pesos less than the purchase price and it was not a rush to sell offer.

I know many are confused with various terms such as board, association, management, committees, etc.  Need I say where you will get in trying to get an answer.  It took us a ridiculous amount of time to get information and much is still being withheld.

Of the 7-member Board of Directors three seats were held by appointed Unit Owners who were not elected by the members of the corporation (Unit Owners).  One of these Directors on the Board "vacated" as stated in a recent memo.  All three at some private and secret Board meeting were appointed to the Residential Area Committee (RAC).  So according to what reports have us believe only two people not elected are on the committee making decisions for Unit Owners without our witnessing the proceedings.  Feel happy about your investment and home now?