The sponsor is not your daddy.

The sponsor of your condominium is your business partner. He (and let’s be honest, most of them are men) is the developer who built or renovated the condominium building and sold you your unit. As long as he controls the board of managers, he controls the business decisions of the condominium. Even when he no longer controls the board of managers, so long as he owns any of the other units, such as a store on the ground floor or other residential units, you and he are business partners in the operation of the condominium. He is supposed to honor his promises to you, but he is not supposed to solve all the problems with the condominium. You are a building owner now — together with all the other unit owners, including the sponsor — and those problems have to be solved together.

This entry was posted in General and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s