Is it legal for a trustee/owner to remove another owner’s name from a condo account so that only the trustee/owner has access to it?
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Is it legal for a trustee/owner to remove another owner’s name from a condo account so that only the trustee/owner has access to it?
I am an owner in a 3 unit condo. The bank brought to my attention that recently the trustee (and also an owner within the unit) removed my name from the condo account so now only he has access to view bank statements. Years ago we did opt as owners to work together & not have an association. Is this legal and how do we fix this situation?
Asked on June 4, 2012 under Real Estate Law, Massachusetts
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If you have a written agreement with respect to the condominium complex that you are writing about and the account with the other owners, that agreement controls the obligations owed to each owner as to who can do what. Read the document carefullly as well as all recorded covenants, conditions & restrictions as to the matter you are writing about in that most likely you will find your answer.
If there is no agreement or document allowing for the removal of your name from the account you are writing about, then what was done was not proper.
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