Is a property management company responsible for following condo bylaws?

George

New member
We live in a New York City condo, where the property management company prefers the direction of the sponsor controlled board to the actual bylaws. As an example: if the bylaws state that the late charge is 1.5% per month, the property management company charges $1000 per month as per the board's wishes. They absolutely ignore all requests to resolve this issue. Is the property management company at all liable for this?
 
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