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Can the elected board of a management company for an apartment block make decisions as to how to best spend the management fees without reverting to the entire management company.
For example, A management company controls three blocks of apartments.
The residents of one block of apartments wants to erect gates to close off their common area to prevent anti-social behaviour which arises as a result of that blocks location adjacent to a public right of way and are willing to pay the greater part of the cost themselves but would like a contribution from the management company of €200.
Assuming that there is no objection to the the gates per se, do the management company board need to pass this by all members of the management company or are they empowered to make the contribution by virtue of being elected to the board.
I am a member of the board.
For example, A management company controls three blocks of apartments.
The residents of one block of apartments wants to erect gates to close off their common area to prevent anti-social behaviour which arises as a result of that blocks location adjacent to a public right of way and are willing to pay the greater part of the cost themselves but would like a contribution from the management company of €200.
Assuming that there is no objection to the the gates per se, do the management company board need to pass this by all members of the management company or are they empowered to make the contribution by virtue of being elected to the board.
I am a member of the board.