Want to add your comments? Just log in or register!
NOTE: For those concerned, you can register to comment anonymously. Just use a pseudonym in the First and Last Name fields!
Minutes Are Legal Documents Too
I've seen a variety of minutes taken by various Boards over the years. I've seen complete conversations noted in the minutes along with full details of the names and unit numbers of those involved. Sometimes Boards even place items in there that have no bearing on the actual meeting itself (sidenote conversations, etc.)
Always remember that your minutes are a legal document that can be called into court on any matter. They also serve as a time line for any future or current Shareholders. They tell the story of where the building has been, where it is now and where it will be in the future with regards to repairs, increases, refinances and more. If you're on the Board and are in charge of taking minutes, I can suggest to you that you only place motions that are voted on in the minutes. These motions are critical to the operation of the building and everything else is really only fluff.
About Mr. Manager: Mr. Manager is actually Mark Levine, R.A.M., the Vice President of Business Development of Excel Bradshaw Management Group, LLC, a residential property management firm. You can e-mail him or leave a comment below.
Comments
Minutes - Dangerous Fluff
Board Prez
Tuesday June 30 2009 08:52:32 am
Log in or create a user account to comment.