Chapter 11 - The Settlement Gave Megan Her Remaining Fourteen Months
The financial settlement took six weeks.
Janet finalized:
the reserve reconstruction.
The LLC restored:
misallocated capital expenses,
unsupported administrative charges,
over-distributions.
Gordon’s management company reimbursed:
$7,800
in unsupported special administration fees.
The three owners repaid:
their distribution adjustments.
Corrected Family Stability Reserve:
$66,100.
Enough for:
Megan’s remaining fourteen-month occupancy period
and a contingency.
Nobody extended the five years.
That surprised Megan.
Some relatives assumed after all the conflict she would demand:
permanent occupancy.
She did not.
Margot wrote:
five years.
Megan had used:
five years.
The settlement confirmed:
Unit 3C family rate through March 31 of the following year.
After that:
Megan moves,
or pays market rent under a normal lease if all owners agree.
No automatic extension.
No emotional reinterpretation.
Then Gordon.
He resigned as:
managing member.
Not forced out of ownership.
He still owned:
40%.
The LLC hired Keystone Residential Management, an outside firm.
Management fee:
market rate.
Quarterly reporting:
standardized.
Reserve accounts:
separate.
Capital allocation over $10,000:
independent accountant review if a special-purpose reserve was involved.
Major sale:
still required 70%.
No Ryan takeover.
No Megan takeover.
No Gordon veto over records.
All owners had:
digital access.
Boring.
Exactly right.
Then sale.
Gordon still wanted it.
Ryan was more open now.
Megan said:
“After I move.”
That was fair.
They agreed to:
obtain appraisal six months before her occupancy ended.
No secret developer talks.
No pressure.
No children hearing:
the building might disappear.
Adult meeting.
Adult decision.
The first meeting lasted:
forty-five minutes.
No one cried.
Ryan almost missed the drama.
May you like
Almost.
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