Master Deeds lock in Century Properties Management, Inc.

Master Deeds lock in Century Properties Management, Inc.

I feel sorry for the Unit Owners considering what we have experienced here at Soho Central.  I would think it advisable for Unit Owners to ask both the SEC and HLURB for a legal opinion as to the clauses in the master deeds.  After, they might then approach other legal assistance as to exactly what the obligations are on both sides given exactly what is written.

Under Section 74 of the Corporate Code members, Unit Owners, are allowed to get copies of the contracts.  Has anyone made such a request?

Unit Owners need to also inquire of other highly regarded condominium management companies as to their fees and make a comparison as to what is being currently paid for such services.

Gramercy

Knightsbridge

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I had posted this last year and our own building, Soho Central, is getting worse.  If anyone would like a tour, let me know.  Bel-Air had freed themselves after a long struggle with posts on this at the blog.  Those at Bel-Air would also be willing to explain what happened there.

Bel-Air Soho Interior Condition

I posted these Bel-Air photos below as a warning to those in our building, Soho Central.  Think, they had Century Properties Management Inc (CPMI) with a familiar Board structure and this is the condition their building fell into after eight years.  What will or has become of our building since turnover in 2009?

I know there have been complaints here, Soho Central, as to cleanliness even from some appointed.  But, the problem of clean walls and other issues such as trim rotting has been taking place.  Some repairs have been made, but take a walk up the stairs to the 40th floor roof seeing what happened to a painting that took place after exterior water problems were supposedly fixed.

Much more may be said about our building's condition but the pictures below give the best warning for our possible future.  Or, is future past?

I was told they had paid 98 pesos per square meter with a 500 peso per unit additional charge versus our 65 pesos.  For that monthly dues they received such conditions after eight years.  Time to think and think hard, act and act now.