Common Fees Condominium Financial Governance Reserve Fund

Who Has the Highest Condo Common Fees in the State?

K.C. from Middlesex County writes: Dear Mister Condo, Is there a way that I can find out where the highest common fees are in the state? And in addition, what the average fees are for the state? My condo complex has more than 300 units. The only services included in our common fees are grounds maintenance, snow removal, garbage, and pool & tennis courts. The owners pay everything else. Currently I’m paying $389 a month…

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Buying Condominium Financial Governance Legal Mortgage

Developer Went Bankrupt! Now, What?

G.S. from New Haven County writes: Dear Mister Condo, HELP! A developer purchased a group of apartments and then started to rehabilitate each unit to sell. When the leases were over on the tenants who were renting at the time of the purchase, their place was immediately remodeled and placed on the market for sale.  Long story short, the building owners went bankrupt. 62% of the units are vacant and owned by the company.  30%…

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Board Communications Condominium Financial Governance Property Management

What’s “Reasonable” About Fees for Record Inspection?

A.D. from New Haven County writes: Dear Mister Condo, I have asked my Association’s Management Company to allow me to see documents which our by laws allow us to view. I have no problem paying for copies but he is going to charge me $45.00 dollars an hour to look at the documents at his office. I’m not sure the $45.00 per hour charge is considered “reasonable fees”. Also if the owner of the Management…

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Common Fees Condominium Financial

Is There a Government Agency that Pays Common Fees for Unemployed Unit Owners?

S.S. from Middlesex County writes: Dear Mister Condo, Does any government agency help when you can’t pay your condo fees and you fall behind without a job? Mister Condo replies: S.S., I know of no government agency that helps specifically with paying condo common fees for folks who lose their job or become otherwise financially strapped. There are programs that offer unemployment benefits, and programs that offer rent assistance. There are even government programs that…

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