Thanks for reaching out. Receivership is usually not cost efficient for owners but in some cases required. You stated you are in an HOA, as such, Florida Statute 720.3033 applies. This states that any association that entered in to a contract with a director or a company of that director (with a financial interest) then that contract must comply with law, be disclosed in meeting minutes, approved by an affirmative vote of ⅔ of the directors present, AND and the next regular or special meeting of the members the existence of the contract must be disclosed. Then upon motion of any member, the contract shall be brought up for a vote and may be canceled by a majority of members present. As long as the board complies with this then they are not in violation of the Florida law.