A Lesson in the Business Judgement Rule
There are two key legal terms that are often times thrown around but seldom understood in regard to serving on the Board of Directors: responsibilities and protections. As to the former (responsibilities), it is important to understand the concept of Fiduciary Duty. In short and very simplistically, it is the premise that Board members are […]
Sharper Management Expands Condominium Management Contracts in St. Paul, MN
April 23, 2019 — Sharper Management, a locally-owned, mid-sized property management company located in Eden Prairie, MN has recently been brought on board to manage the Hague Commons Condominium Association in St. Paul, MN. Sharper Management’s ability to customize financial-only management contract was one of the key factors in the associations decision to bring Sharper […]
How Associations Work – Sharper Management’s Role
While the elected board of a CIC, or Common Interest Community, operates on behalf of preserving their community, they will most likely hire a management company to aid them in the day-to-day duties. The management company will act under the board’s orders and takes direction from them on how to manage the association under their […]