is controlled by a consortium of owners who appear to have majority ownership of the building. They currently are the 3 board members that sit on the board. There are 30 units in my building.
The owners are 5 investors - 3 active, 2 passive.
- 1 partner owns 2 units (let's use the name Mike to represent him). The units are in his name.
- Mike's wife owns 1 unit in her name.
- Mike and his partner, say William, own another 2 units via an LLC - ABC Investments.
- Mike and William manage 5 other units for another partner called Harry via an LLC that they manage - EDF. The address of the EDF LLC is the same address as the ABC Investments LLC.
- Mike and William also appear to manage another 1 unit for another investor called Ira.
- Mike's emplo*****, *****, works n his real estate
development company and owns another 1 unit in his name.
So for all things that have to happen with the building they have 12 votes on one side. They also have 3 votes of owner that appear to vote for them, making them the majority.
The issue I would like to ask is that out of all those owners/LLCs/investors, which are allowed to vote for the property management company?
As of right now, the property management company is owned by Mike + William and is charging high fees to the owners.
Q. Is an property owner allowed to vote for the company that manages the property which is owned as a corporate by him?
Q. Is his wife allowed to vote for his property management corporation which is in his name?
Q. Is his ABC LLC allowed to vote his corporation?
Q. Are the apts that he "actively" manages allowed to vote for his HoA property management corporation? e.g. EDF LLC? I
a. If he is a partner in that LLC, can the units vote for his property management company?
b. If he's not a partner, can those units vote for his property management company?
Q. Is his employee allowed to vote for him?