A property management company allegedly won’t stop maintaining four small condo buildings in Miami Beach, despite being fired, according to a recently filed lawsuit.
Royal Management Group has maintained four buildings between Pennsylvania and Jefferson Avenue since 2012
Royal manager David Raposo in early May that the
associations were terminating the management contracts,
according to emails attached to the lawsuit. Royal’s website
states that Raposo and Schapiro founded the property
management company in 2006 to provide condo associations
with “a boutique-style of management.”
“It’s clear that during the past two weeks Royal Management placed its own interests above its mandate and its representatives,” Belfiore wrote. “Several requests for information, documentation and action were addressed many times and ignored and left without response from Royal Management.”
Belfiore also accused Royal of breaching fiduciary commitments and refusing to disclose the financial interests of the associations’ vendors. He informed Schapiro that the condo boards hired a new company, Advantage Property Management, to take over maintenance duties in Miami Beach.
According to the lawsuit, Raposo failed to timely disclose that he has a financial interest in the associations’ insurance vendor because the company is owned by his spouse. Yet, Royal has “disregarded and consistently failed to acknowledge” the termination notices and has continued to act as the manager of the four associations, according to the suit.
“Further, Royal has undertaken efforts to remove plaintiffs from their positions as board members of the associations, defied plaintiffs’ decisions and instructions, and knowingly colluded with unit owners to create a new purported board,” the lawsuit states.