Article XXX - Condo Owners SOLD OUT
By Jekic & Welliver
It's all in the Oceanwalk Mall Lease
Annual Rent $504,396 / $42,033 per month - Lease Renewal Rent Jumps to $785,832.53 PLUS PLUS PLUS . . " 4.2 Common Charges"
It was not that long ago that the former HBR Board President of well over 10 years (Richard J. Schecher, Sr) issued a warning to Jekic & Welliver and the HBR Board of Directors - What Jekic & Welliver are doing is illegal and even if it was legal, it would require a vote of every condo owner and timeshare owner in our Association. Behind closed doors Jekic & Welliver made a deal that basically will bankrupt our Association and it looks like Schecher was right because the new hotel & bar are all but bankrupt and the Association is out of money because Jekic & Welliver illegally diverted Association Funds to keep their bar & hotel open. It is ironic that the section of the lease XXX is the one that exposes the naked truth about Jekic & Welliver paying extra to get Schecher Out so they can go into business.
READ THE LEASE AND SEE HOW HBR OWNERS WERE SOLD OUT by Jekic & Welliver with a "Closed Door Deal"- The Deal is outlined in the lease and includes Article XXX- Special inducement to drive Schecher's Company out of business and off the property. A very unethical closed door deal that includes (1) Excessive Rent (2) A new illegal 41% Rebate for the Mall which includes the second floor which is not even a party to the lease (3) Financial Guarantee that binds owners to pay $7.5 Million Dollars to the Mall (4) Lease includes space (bar) that is not even on Condo Property (totally illegal) and the list goes on. Read the lease for yourself and see how the rent jumps to almost a MILLION DOLLARS per year on its first renewal. The cost of the renewal is almost $11.8 Million Dollars.
Read the Leas for yourself HBR Mall Lease HHBR LLC
Owner Speaks Out - Listen for yourself HBR Owner Speaks .m4a
Do you enjoy Jekic & Welliver taking your money without even asking? What they are doing is illegal and maybe it is time for someone to notify the Hollywood Police and report the crime. Maybe it is time for owners to form a group to take action and hold these people personally responsible for their gross negligence and illegal activity. What do you think?
Do you believe there is a conspiracy to defraud & defame? Consider David Schonberger of Oceanwalk Mall is charging SG Resorts over $6,500 to rent a space with a market value of less than $850 and a space that historically never had a rent more than $650 for Oceanwalk Mall over the last 20 years.
Price gouging is illegal in Florida and when asked why was the rent so high? Schonberger replied "Because I can charge it, what is your option ? go out of business? " Schonberger did this right after Jekic signed the $7.5 Million Dollar Lease that is being paid with Association funds. Schonberger along with his business partner (Billionaire Mall Owner Ben Heller) and Jekic entered into a lease with an special inducement which included Jekic paying EXTRA to get SG Resorts & O'Malley's to close down and move. David Schonberger than nails SG Resorts with rents of over $6,500 for a space that is less than 400 sf which is 100 X more than the comparable rents anywhere.
It all about fraud, deception, closed door deals, and none of it is good for the owners at the HBR Resort Condominium. Nobody benefits but the Mall as the owners pay the price for the Jekic-Welliver Folly.