Cordes & Company

Condo association deadlocked by dispute

A four-owner condominium association had reached the point where two of the owners were suing the other two – with no compromise in sight. The City and County of Denver District Court appointed Cordes & Company as receiver – to run the association and be the tie-breaker for business decisions. Cordes received bids from contractors for needed work; ran the monthly board meetings of all parties; established new articles, bylaws and rules and regulations; made capital calls; and worked toward a long-term solution. Eventually, the dispute ended when one of the owners purchased a second unit in the complex and gained control of the association.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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