The Association is reportedly renting out several units, including one to the family of Idalmis, a Board member. There are no records reflecting income from these rentals or where the funds are being allocated.

As owners, ALL INCOME or REVENUE made by the Association is ours and considered “Common Surplus”. Each owner at 720 Collins owns a percentage of any income as well as common elements.

Reportedly, a rental was exchanged for work, such as the mural in the courtyard. However, instead of being assessed again, could the money from the rentals be better used to offset the assessments rather than funding a mural? This is a decision you should have been included in.

Response: None