Recently there has been much discussion regarding a possible bylaw violation by the Developer of the Mountain Grand Lodge and Spa, a Boyne Managed Property.
For background on the issue, please refer to my earlier posts in September. I would further like to develop this discussion and the role of the involved parties.
The developer is claiming that they reserve the right to appoint a person to the Board of Directors due to the number of units he possesses and claims are for sale.
The developer states that they will not officially list the properties for sale out of respect for owners trying to sell their units in the Mountain Grand Lodge(MGL).
I will not digress into the ethical questions, appearances of impropriety nor the violation of agency, implied agency and Dual agency a defined by Michigan realty Law, that is created by this situation if you are represented by the developers real estate agents. Furthermore, I will not expound on market manipulation or supply and demand.
The developer claims his right to appoint a Director to the Board as a Developer. Conversely, the Developer turns right around and collects rental revenue as an owner.
The developer collects rental revenue in direct competition of us fellow owners.
Is the Developer the Developer or an owner?
Maybe the GM of the MGL, an employee of the Developer would like to explain the Developers position?
Let me know what you think take the poll on the right hand side of the page
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1 comments:
This guy is an owner who is getting paid by Boyne and is taking advantage of the rest of the owners. He cant be both an owner and a developer with political ties that block the rest of the owners from being able to sell if need be, Boyne is playing their shell game again and trying to hide behind transparent lingo. Can we team up and demand some answers in person or through a legal avenue? Can this info be disclosed through the freedom of info act?
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