When transitioning from sponsor management to third-party management, boards may face challenges obtaining financial records. Monthly reports and preventive measures are crucial.
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“Books and Records” returned 4 articles
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ArticleTopicsColumn TypeIssue
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Tough Transition
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Know When To Hold, When To Fold
Co-op governance challenges include communication on revealing financials, offering plans, and board minutes. Transparency is crucial, balancing openness with privacy.
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How Record-Keeping in New Condos Can Uncomplicate Sponsor Relationships
Settling what expenses belong to a sponsor and what belong to the new co-op can be daunting.
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Take Access Requests Seriously
Boards have control over who can access their records – but requests shouldn't be taken lightly.
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