How Does a Condo Board Replace the Management Company
My question involves a condominium located in the State of: Florida
We are a newly formed Board (December, 2013). The developer of our condo signed a contract with a management company in October, 2013 for 14 months. The Board would like to have the management company removed and bring in a new company. Can we do so, or do we have to wait until the contract expires?
I know that in Minnesota, if a Board does not like a developer chosen management company, they have the right to remove the management company without penalty. I am wondering if Florida is the same, or are we stuck with the management company, who is misusing our funds. Before you ask, it cannot be proven that the management company is misusing the funds as they are hiding it very well. Our only other recourse is to have them removed. Thank you.