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.
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Royal Management Group has maintained four buildings between Pennsylvania and Jefferson Avenue since 2012 |
Belfiore notified
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.
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“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.