Plan, plan and plan some more

QUESTION: Is Stonewall Central a better name for the property?
UPDATE (click): 2012 Audited Financial Statements
UPDATE (click): 2013 Annual Meeting packet
UPDATE (click): 2013 Special Meeting packet

AUDITED FINANCIAL STATEMENTS ANALYSIS 2009-2012 (click): A CPA analysis of SOHO Central Condominium Corporation's Audited Financial Statements

The Fantasy Vision

Does everyone remember this among the wonderful ads and brochures and how about the salespeople and what they told us. I hear such fantasies continue. So after watching and remembering, cry and then laugh at the truth that is being exposed.









And, if the above is not enough and you need elevated blood pressure, here is the project's brochure.

Many posts are still issues and need to be read once again. At this main hub of postings watch for new posts and updates. Please get involved by spreading the word as to the issues here. We must document all that is taking place. Many documents need retrieval and assistance is needed in getting them scanned and posted.

Wednesday, February 22, 2017

Management Contract

Management Contract


I was surprisingly given a copy and have a better idea as to what the terms are and information given to have an understanding of who controls what. This is not good what has taken place with the managing of the building given what I have read.

Time to Read and Understand all the Contracts


In fact, time to have all critical records open for immediate inspection in binders as I had called for in past posts.

Here is the first of two paragraphs from Section 21 of the contract with the management company. Good questions arise out of reading this section. Why is the Residential Areas Committee not managing and controlling the residential areas of Soho Central as required in the Master Deed? What is stopping them?


"SERVICE AGREEMENT"

"ARTICLE 21: APPOINTMENT OF REPRESENTATIVES AND NOTICES"

"The SERVICE PROVIDER acknowledges that it has read the PRINCIPAL's Master Deed with Declaration of Restrictions and understands the provisions thereof particularly the provisions of Section 10 and its subsections, in Part I of the said Master Deed with Declaration of Restrictions; that Section 10-C grants irrevocable powers to the Residential Areas Committee to manage and control the residential areas of SOHO CENTRAL, that the common areas of SOHO CENTRAL comprise the residential areas. Accordingly therefore, the Residential Areas Committee members, acting individually or acting as a group, are authorized to communicate with, review, correct, suggest, recommend, question, request reports or perform any management and control function with and over the staff of the SERVICE PROVIDER."

The following is from the Master Deed for Soho Central:

"Section 10-C - In the same manner, the management and control of the Residential Areas and all common areas found within the Residential Areas (including without limitation, the promulgation of rules and regulations governing the use of the Units and common areas found within the Residential Areas, and the fixing of rates of association dues and other damages for the use and maintenance of the common areas found within the Residential Areas) are hereby irrevocably vested in a committee (the "Residential Areas Committee") composed of three (3) members of the Board, to be appointed by the Board; provided that at least two (2) members of the Residential Areas Committee shall be nominees of the owners of units within the Residential Areas. All issues relating solely to the management and control of the Residential Areas and the common areas found within the Residential Areas shall be resolved exclusively by the Residential Areas Committee."

***

Here is a link to a post on Tasks mentioning binders and copies for access - http://sohocentralcondominium.blogspot.com/2016/03/tasks.html

1 comment:

  1. Just had my intercom "serviced". TLDR: don't even waste your time scheduling it.

    To give some background, I have an accredited degree in Electrical Engineering, so I have an idea of how to troubleshoot a faulty connection.

    I watched the "technician" try to fix the intercom by opening the box and poking around at the wires. I had to stop myself from laughing. The guy didnt even have a multimeter to check for shorts or faulty components, or a continuity meter to check line integrity. It was all purely for show.

    I asked when it will be fixed and they said next month. I asked what was wrong with the intercom. He looked genuinely surprised, thought a while and said theres a problem with the line in the reception area.

    If that were true, they wouldnt have to bother going unit to unit putting on a fake performance. Instead they could skip all the fake maintenance that people took time out of their day to attend and simply fix it at the reception area. Instead many more people will waste a fraction of their lives for this fruitless experience.

    Im guessing they pulled this guy off the street and offered him a few hundred pesos to act as a technician for a day to make a show of appeasing owners. But like a lot of things in the Philippines, they care more about appearance than reality.

    If I had to make a wager, Id venture the building used faulty wiring, and to run the proper wires down every conduit on every floor would be more than they want to spend. Id have a hard time believing someone would be this incredibly incompetent, but nothing surprises me anymore.

    In summary, please get the word out to other tenants not to waste precious time out of their day to witness a fake repair show.

    ReplyDelete